19sep-usoil low risk pullback trade

TVC:USOIL   CFDs on WTI Crude Oil
this setup provides a low risk opportunity. two confirmations 1. the channel low has been respected so far and now we see a breakout above a descending trend line . channel levels can be used for targets. 44.50, 45.20 range.
Trade active: Just hit the first trend line for target 1
PowerTrades MindTrader
Interesting set up, 46.5 is also my setups upper channel. i think one way to confirm this potential contrarian trade is to look for a resistance in the charts in one of the channel trendlines
MindTrader PowerTrades
yes and inventory report today so anything can possible but i am only believe in my charts, so let wait and watch , thanks

welcome :)
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