Hi traders,
On the USOIL 4H timeframe we can see that price has broken the bullish trendline and is now turning into a flag formation. I really want to try to enter just a bit above the current market price to get a better risk to reward ratio.
Entry: 53.30
Target 1: 51.50
Target 2: 49.65
Targets are based on previous structure.
Good luck traders! I will be updating this chart as time progresses.
On the USOIL 4H timeframe we can see that price has broken the bullish trendline and is now turning into a flag formation. I really want to try to enter just a bit above the current market price to get a better risk to reward ratio.
Entry: 53.30
Target 1: 51.50
Target 2: 49.65
Targets are based on previous structure.
Good luck traders! I will be updating this chart as time progresses.
Note
Target 1 hit. Moved stop to 51.60Trade closed: target reached
Both targets hit!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.