Long scenario for USOIL

TVC:USOIL   CFDs on WTI Crude Oil
So far the price is close to the Lower Limit of the uptrend channel , moreover the most immediate downtrend line has been broken, so for now I will expect a further retracement and then look for Long Set Ups in order to enter the market ... remember to always take trades based on a well defined trading plan adn the risk tolerance parametters of each trader ... good trading!
Comment: On lower time frames you could look for entries that provide a goor risk reward ratio
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