USOIL is going through a corrective leg that just recently had a breakout extending 27.20% beyond the corrective leg's range. A falling wedge breakout reversal can potentially take this pair back to 38.20% level of the prior range. Pullback long entry with stops below 7120, 1R-2R targets seems reasonable.
Trade active
Trade closed: stop reached:
+40 ticks
Trade closed: target reached:
2R target +80 ticks