Shot USOIL Around 41.50~41.70

It's a good timing to shot USOIL especially yesterday it closed below 61.8% from last downtrend.

SL:42.5
PL1:38.45
PL2:34.27
PL3:31.82

Trade what you see, not what you assume.Let the market decides whether we are right or wrong.

Trade active at 41.64 last night. Let' see how.

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Now 41.07,almost 60 pips

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Now is 39.55, around210 pips earned

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38.45PL2 hit and now is facing a strong pull back which I deem as a Wave 2. Prepare to open more short position when Wave 2 is finish. Let's meet again when it hit Pl3 and PL4

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Add more short position at 40 today and set a sell limit position at 40.5 also. We can see that usoil is supporting by the upwards channel. Let's see if it can break the upwards channel to reach our further PLs.

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Already 38.00. almost more than 350 pips earned

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Close most of the positions around 35.44. A large scale of retrace can be expected in the near future. We still follow short idea when the retrace happens and finishes.

Around 700 pips earned. More importantly we earned a lot during the drop because we added more short positions.

OuHuangTrading

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OuHuangTrading