Here's an idea of a Long Oil Position taken, I have set 3 TP zones with a SL at 55.3, RR is 1:6.2
I have taken this position due to the recent break of long term Descending Trend Lines, this led to Oil pushing into the 58 Zone and after positive news today I believe we have seen a manipulative push down before gearing up for a Push towards the 60$ Region
I have taken this position due to the recent break of long term Descending Trend Lines, this led to Oil pushing into the 58 Zone and after positive news today I believe we have seen a manipulative push down before gearing up for a Push towards the 60$ Region