CRUDEOIL INTRADAY SETUP Aug 16
Crude Oil (1-Hour Timeframe)
Recent Breakout: Crude oil has broken out from a falling wedge pattern, signaling potential for further upside if price sustains above the breakout level.
Outlook: Monitor for signs of retracement or consolidation.
Strike Price Trade Setup:
Entry: Above 6,550
Targets: 6,570, 6,600, 6,630
Stop-Loss: Must have
Remember to adjust your stop-loss and take-profit levels according to your individual risk tolerance.
Recent Breakout: Crude oil has broken out from a falling wedge pattern, signaling potential for further upside if price sustains above the breakout level.
Outlook: Monitor for signs of retracement or consolidation.
Strike Price Trade Setup:
Entry: Above 6,550
Targets: 6,570, 6,600, 6,630
Stop-Loss: Must have
Remember to adjust your stop-loss and take-profit levels according to your individual risk tolerance.
Penafian
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