I've spotted a key demand zone for crude oil on a 15m chart. The demand level range is between 82.126-81.746. If the price retraces to this zone, I'll be considering a long position. Target for this demand level is set at 82.93, with a potential for a 2 risk/reward ratio.
I plan to exit the trade if there's a 15-minute candle closing below the demand zone
Trade active
Comment:
Trade still valid and active. Only a 15m candle close below the demand level low will invalidate the level