Crude looks like it went up too fast and too far. The latest price action looks like a wedge within a wedge. A correction is likely.
This particular trade idea shows a 2.5 / 1 Reward / Risk ratio. S/L & Target are within the green/red box on the chart.
Good luck guys!
This particular trade idea shows a 2.5 / 1 Reward / Risk ratio. S/L & Target are within the green/red box on the chart.
Good luck guys!
Trade closed: target reached
Closing this now. Will try to re-enter after a bounce. +4.3%
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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.