Potential Trade Setup on WTI
WTI has been on a strong 2-week rally, following the geopolitical escalation where Israel launched a preemptive attack on Iran. This event sparked a 2% surge, keeping prices hovering around $77 for the past two weeks.
Despite the bullish momentum, I am anticipating a healthy pullback before looking to engage.
My eyes are on two key zones:
- April High Region (Previous resistance turned support)
- 50% Fibonacci Retracement (Measured from recent rally low to high)
🧭 Trading Plan:
1. BUY: is currently the only play, and as I anticipate for a two-level of pullback on the 4H chart.
🟢 Risk-to-Reward:
Targeting 1:3 R/R on either entry.
WTI has been on a strong 2-week rally, following the geopolitical escalation where Israel launched a preemptive attack on Iran. This event sparked a 2% surge, keeping prices hovering around $77 for the past two weeks.
Despite the bullish momentum, I am anticipating a healthy pullback before looking to engage.
My eyes are on two key zones:
- April High Region (Previous resistance turned support)
- 50% Fibonacci Retracement (Measured from recent rally low to high)
🧭 Trading Plan:
1. BUY: is currently the only play, and as I anticipate for a two-level of pullback on the 4H chart.
🟢 Risk-to-Reward:
Targeting 1:3 R/R on either entry.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.