CompositeTrader

USOIL Price Action Analysis | A Relative Long Term Idea

Long
CompositeTrader Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Crude Oil has found a support on the Equilibrium Zone of the Trading Range, again. This accumulation in the upper range seems like it will coming to an end. On the other hand, it needs to reclaim the Pivot first and then the Range High.

Entry: 54.6
SL: 49.9
TP-1: 62.4
TP-2: 66.4
TP-3: 72.4
TP-4: 81.4
R/R: 5.7


‪Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.‬


‪The ideas published here are not financial advices.‬
Trade active
Trade closed: target reached:
First profit level is reached.

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.