TradingView
Quant_
Feb 23, 2021 7:33 AM

Oil Long Position Long

WTI CRUDE OILTVC

Description

Oil Long Position

🔵 Entry: $62.19
🟢 TP & RR: $63.55 (2.62)
⛔ Stop Loss: $61.67

REASONS FOR THE TRADE
✔️ Resistance flipped to support
✔️ Fairly strong volume upwards
📝 I am expecting price to consolidate around the entry level and then continue trending up. Even if this long fails, I certainly don't feel comfortable shorting the trend on a move upwards (or at least until I see some divergence).
More