RRR almost 1:4 for this trade, in mid term i see the USOIL going back to 70$ and below, but first it need to make a correction from this huge candle, i opened a long now, SL around 72.50 and TP 77 (top of the 4h descending channel) but i'm ready to catch the profits from 75$ if i see some rejection.
If the daily candle reach my SL, i see the USOIL reach the 70$ by next week and i will see what does he's doing, the long position will be for scalping on the different rejection and the short for swing trading.
Good luck and manage your capital for every trade !
If the daily candle reach my SL, i see the USOIL reach the 70$ by next week and i will see what does he's doing, the long position will be for scalping on the different rejection and the short for swing trading.
Good luck and manage your capital for every trade !