CRInvestor

Crude Oil day trade setup 3:1 reward to risk ratio

FX:USOIL   Crude Oil (WTI)
210 0 1
On news of fighting in the Ukraine government and a threat of civil war, Crude Oil             price pushed through resistance. The above chart with notations is my personal BoT trade setup. The model helps me with specific levels to work with and a predefined 3:1 reward to risk ratio built into each and every trade. Specifically, the price action setup a bullish ab=cd price pattern (long entry at 101.34, stop 101.17 , target 101.82 [48 ticks potential reward). Feel free to copy this model as it is very helpful for me.

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