Oil Trade Setup WTI I've decided to go long just before the news release, as I noticed the liquidity sweep had already occurred. However, I'm cautious about this trade, as the bullish probabilities are mixed, and there are stronger bearish arguments.
Trade Management:
Stop Loss: Placed just below the liquidity sweep, as breaking this level would suggest further downside. Take Profit: Partial exits planned. First target at $72.38, with the remaining at the next level of buy-side liquidity. Risk/Reward: 4.85 Risk: 1%