Oil heading towards 60$?
Here's an idea of a Long Oil Position taken, I have set 3 TP zones with a SL at 55.3, RR is 1:6.2
I have taken this position due to the recent break of long term Descending Trend Lines, this led to Oil pushing into the 58 Zone and after positive news today I believe we have seen a manipulative push down before gearing up for a Push towards the 60$ Region
I have taken this position due to the recent break of long term Descending Trend Lines, this led to Oil pushing into the 58 Zone and after positive news today I believe we have seen a manipulative push down before gearing up for a Push towards the 60$ Region
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.