I've spotted a key demand zone for crude oil on a 15m chart. The demand level range is between 82.126-81.746. If the price retraces to this zone, I'll be considering a long position. Target for this demand level is set at 82.93, with a potential for a 2 risk/reward ratio.
I plan to exit the trade if there's a 15-minute candle closing below the demand zone
Trade active
Note
Trade still valid and active. Only a 15m candle close below the demand level low will invalidate the level
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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.