Keeping in with the last 2 month trend line, Oil again appears to be over bought, i'm taking this as a low risk trade because i prefer to increase my holding on a long position rather than short as oil is likely to go up this year. my risk to reward is 3.41 and i have set the stop loss just above some previous spikes, i'm looking to achieve 200 pips from this trade.
Trade Signals from Learn 2 Trade Telegram Channel t.me/learn2tradenews
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Trade Signals from Learn 2 Trade Telegram Channel t.me/learn2tradenews
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.