🤔 We tested the 34.50 key area that I said we would look to test next in my previous oil post linked below. Check that out. I'm currently in a short for 5% from the breakout point. That rebound would of been a nice scalp play, but I'm still sitting on it. The Crossover strategy and ema dots on lower timeframes showed you the entry. My main focus is this daily...
😯 Uh oh! It seems to be that oil has broke upward support. Now it seems to be treating support as resistance. With a potential Elliott 5 Wave completion. Would not be surprised if it dumped. 27.58 needs to hold. Break below 27 is a short. Bear > Bull Best of luck! 🎲 🥇MLT | MAJOR LEAGUE TRADER
Price has been in a strong uptrend. We are expecting price to retrace to our highlighted area and we'll be looking for buy entries there. We're expecting price to at least its recent high
USOIL BUY OPPORTUNITY (4 HOURS):
As businesses slowly reopen in the US, the demand for oil will increase. Therefore, the price will rise long-term. Please like, share and follow if you found my analysis useful!
USOIL is possibly creating a more complex correction that originally seemed. I will not be buying until there is more confirmation in the structure.
Crash of USOIL Market is only temporary and this price cannot be rejected by any trader. The highlighted place of 10 dollars per barrel is the best historical price you can get to open a buy position for long-term. The Scalp can be targeted for 100% profit to place around 20.00 and swing trade to 300% if not even more. This trade is only AWESOME!
USOIL each and every time gonna reach this 20 level gonna be an important support area and we had a nice bounce from that level ,I mean 20's is a very old good number we need to go back all the way toward areas around 2001 to see such a price level so that's why it was a critical area here so BUY each and every dip toward this area because the risk and reward is...
The big fall of oil price is now moving in consolidation. If the price will breakout a 4H trendline and minor resistance area, then the price will go in bullish move
Aiming to get back to 30 area, but honestly I don't know how if it's even possible.... So this is also a small position. I may close this one half way up.
Buy limit usoil Entry 1 45.86 Entry 2 44.68 Sl 44.00 Tp.1 46.86 Tp.2 47.86 Tp.3 49.86 Tp.4 52.86
The price is sitting at an important level since NOV 2018 and the price is expected to bounce from here, put low amount as it is a risk trade
Buy usoil Entry 1 50.86 Entry 2 50.42 Sl 49.10 Tp.1 52.20 Tp.2 53.40 Tp.3 54.68 Tp.4 56.00 Tp.5 57.80
Buy usoil Entry 1 51.08 Entry 2 50.48 Sl 49.10 Tp.1 52.20 Tp.2 53.40 Tp.3 54.68 Tp.4 56.00 Tp.5 57.80
This is a simple test idea.. Im not trading on this idea. Do your own research before trading. Please like and comment if you have some advice for me !
Us oil is currently at a major level of support around price 52.93. I also notice that it has touched this level 3 times so I’m expecting price to at least retest the trend line on h4 Time frame. If it breaks the trend line then retests as an area of new support I will open a long position until the next major resistance area which is around 60.69. If price...