USOIL Mean Reversal Pullback
USOIl - If we continue to manage to hold above 23.85 ,we have a potential opportunity to trap shorts and pullback for a long side opportunity with limited risk. setup is developing at this point, need a confirmation on Lower time frame charts.
Longs can easily test 24.85 & 25.40 areas. Given the RR is good its worth
Longs can easily test 24.85 & 25.40 areas. Given the RR is good its worth
Trade closed: target reached
Target done, good RR trade for the pullback.Some positions can be trailed for Larger targets of 25.40 and higher.
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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.