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Usoilbuy

USOIL LongMy view of USOIL . Potential long opportunity. I am a bit late with this idea and it’s a bit minimalistic and quick but it will hopefully do. After a pullback down to our PBA 1 and respecting the consolidation area , I’m expecting the price to come back up to the top of the consolidation area . Double bottom on 4H is also confirming the long idea. After a clear break of the consolidation area we can expect another upside move. Entry is at 81.898 . Stop Loss is below current low and below a possible pullback area . Stop Loss is at 80.547 . TP is at 86.660 . Overall we are in a uptrend and without breaking the uptrend structure , we will keep looking for buys at pullback areas . If we don’t come down to our entry, take a smaller position due to risk being higher. Keep in mind prices may vary from broker to broker. PARAMETERS - Entry: 81.898 - SL: 80.547 - TP: 86.660 KEY NOTES - Overall we are in a uptrend and without breaking the uptrend structure , we will keep looking for buys at pullback areas. - Respecting the consolidation area - 4H double bottom confirmation Happy trading!
FX:USOILLong
by BANDZTRADES
2
Could We See the US/OIL Reaching the 63.32 Level ? 👀👀👀💡 Trade Idea 📈 Buy Limit USOIL @ 60.92 🎯 Target Profit 63.32 🛑 Stop Loss 59.73 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Description: The price is trading within an ascending channel by posting higher highs and lows. Price managed to break the daily resistance (new support) @ 60.95. We expect a re-test of the new support where we have the 38.2 % Fibonacci level retracement. From this level, most probably we will see a move upward to the 63.32 mark.
TVC:USOILLong
by PriceActionDesk
2
Could We See the USOIL Around the 54.90 or 55.90 Level ? 🚀🚀🚀Although the pandemic is still spreading around and most of the economies are shut down the USOIL is still rallying without any fundamental explanation. Technically, if we look at the graph, the black gold is respecting the Elliott Wave Structure by accomplishing the first four waves. Currently, We are in the fifth wave, where we expect the price to rally again towards the two next targets 54.90 & 55.90 levels. 💡 Trade Idea 📈 Buy Limit USOIL @ 53.80 🎯 Target Profit 1 54.90 🎯 Target Profit 2 55.90 🛑 Stop Loss 53.25 ❌ Do not risk more than 1 % of your account on each trade 🙂 Good Luck ! Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
TVC:USOILLong
by PriceActionDesk
2
Oil Hedge Buy OrderOil Long Position Entry: $53.07 TP & RR: $54.12 (2.49) Stop Loss: $52.76 REASONS FOR THE TRADE If you followed my trade idea from yesterday, then you should have an open short position at $53.55. I was expecting a lower high, but instead, the price formed a double top. Our SL wasn't hit. Anyway, I believe a new uptrend channel has formed and in order to secure your profits from the short yesterday, I suggest moving your Stop Loss as well as considering a hedge long position. Should this trade idea prove valid, you will be piggybacking on the small uptrend until we reach the upper channel. If it turns out to be invalid, then part of your short order will cover the losses for this long. Stop Loss is under the lower trendline and the target is set at the upper one.
TVC:USOILLong
by Quant_