Nice R:R4 50% long setup for oil Long

Crude Oil FuturesNYMEX

Description

⋅ Jan 16, 2023 9:58 PM

Hey everyone,

after a patient play out of short seen below, finally a long setup popped up on me.
I see a finished EW correction topped out by falling wedge formation with bullish divergence on indicators.

Markets turning bullish and with

, I´m adding in bag some oil longs.

This is very nice and conservative Risk:Reward 4 ratio setup

Entry: 78-80 USD
SL: 68 USD
TP1: 100 USD
TP2: 120 UD

Chachain

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