Get started

Brentoil

US OIL Recovering Losses way upto $65 Welcome! What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here behind the charts, Hit the thumbs up 👍 and support the work Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move! ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments. Mohamed Khalid Rafi , Senior Financial Analyst, Profitlio Trading.
TVC:USOILLong
by Profitlio_Trading
Oil Time For Reversal - Short TradeOil Short Trade Entry: $53.76 TP & RR: $52.41 Stop Loss: $54.51 REASONS FOR THE TRADE So far Oil has respected the channel and I believe that it is now reaching a point of exhaustion. This upper trendline from the channel is also in confluence with a fairly strong resistance level, so I believe a small pullback is due. The Stop Loss is well above the channel and similarly to the trade from a few days ago, if the price starts pushing up we will close the position because a spike up should follow.
TVC:USOILShort
by Quant_
Oil Ascending Channel - Long OrderOil Ascending Channel Long Position Entry: $51.69 TP & RR: $52.87 (1.59) Stop Loss: $50.95 REASONS FOR THE TRADE After breaking up at the ascending triangle, Oil has now formed an ascending triangle, testing the lower trendline. If it holds I believe that it will make a higher high and potentially trying to test the upper trendline or at the very least do a double top. My Stop Loss is very conservative here because there may be a fakeout and I don't want to get stopped out (my USDJPY trade is still haunting me I guess). As I am writing this I can see that the price is already going up, so I hope a small pullback will give me the entry I want, after which I will start trailing my SL.
TVC:USOILLong
by Quant_
4
More upside potential for USOIL 1) Let's start the explanation of our view with the Weekly chart. There are two items to pay attention to. First: We have a broken ABC pattern, also known as Flag Pattern, which is considered continuation structures that tell us about a new impulse coming after the breakout of it. Second: The target is the next resistance zone that worked as a strong supply area in the past. We will wait for a clear reaction there 2) Now we will pay attention to the 4hs chart. There we can see that the price broke the Higher zone of the weekly corrective Structure, and currently, we can see two corrective structures. 3) Based on all the previous items, we think USOIL has a bullish potential towards 50 / 51.5. There we will close all our long positions, and we will wait for a new structure or a reversal movement. 4) If the price breaks below 43.5, we will assume that the long view is wrong, and we will start thinking in terms of short opportunities
TVC:USOILLong
by ThinkingAntsOk
3