Short

USOIL trade (see below for more details: lower timeframe)

Updated

Market manipulated first,
then did go impulsively lower,
visited premium area, with an impulsive move back downwards,
nicely filled IPA on the 1m.
Entered on a 1m bearish order block.

COURSE: SL HIT

possibly looking for a re-entry.

RE-ENTRY: TP at 82.65.

Note

correction: it should be a red rectangle, because it is premium area and not discount.

Note

To clear things up: after a "wick-touch" on equilibrium, market reacted with bearishness, came one more time up into premium area, respecting this area and then selling off, also forming a bearish order block. This was reason enough for me to re-enter. I am aware that this trade on price action on a very low time frame, and that a lot of risk is involved. That's why I only took half of a percentage of risk.

Note

SL of new trade also hit. Will stay away from the oil chart. Price is choppy

Trade closed: target reached

After the market just went a little higher than my SL, market took off and hit my TP within 15m… Still glad that analysis was correctly done.

SniperDre

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