US OIL, Trading Plan.
Updated
US Oil approaching a very important key level $50.046
I wait how price will react on that level that why I have 2 trading scenarios at this moment.
1. Open buy if the price will break up $50.046 and fix above it.
2. Open Sell if the price will make fake broke of $50.046 and close under key level.
Under I will write more about 2 scenarios separately.
I wait how price will react on that level that why I have 2 trading scenarios at this moment.
1. Open buy if the price will break up $50.046 and fix above it.
2. Open Sell if the price will make fake broke of $50.046 and close under key level.
Under I will write more about 2 scenarios separately.
Note
1st Scenario I will open buy if the price will break up $50.046 and H4 or D1 candle will close above it. That will be a proper signal to open entry with goals $53.80 and $57.20Note
2nd scenarioOpen Sell if the price will make a fake broke of $50.046 and H4 or D1 candle will close under key level.
Note
Just wait when the price will come to key levelNote
Note
Oil approaching key level.I wait for confirmation.
Note
Price broke up key levelI set buy limit order
Trade active
Note
Price moved up 70 pips. Close 30% of position.
Note
Price moved up 100 pips. You can move S/L into breakeven.Also, it is better to close 50% of position and hold rest till T/P without any risk.
Trade closed: target reached
Price hit 1st take profitTrade closed: target reached
2nd T/P hit
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