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Usoilbuy

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 CollegeofPips
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_
💰 Wait For Green To Long Oil. (USO)🤔 Day 5, not including weekend of oils trend change. Your key Resistance level is the green upward support that we broke. This shows potential for a new trend as the Crossover strategy has been red and the ema dots have also been red. You will want to confirm a long position when the green align back above the new Resistance. Otherwise let it ride. This is for a longterm swing trade confirmation. Easy as that. Best of luck, 🎲🎲 🥇MLT | MAJOR LEAGUE TRADER
AMEX:USO
by UnknownUnicorn2319099
3
First Red Since Bottom. (USOIL)🤔 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 timeframe where we do see a red crossover and red ema dots. Did have a nice rebound off the range support we were watching. From a bear standpoint we need that 34.50 to crack to move towards 31.50 next for a test. If happens then the next range to play will be 34.50 - 31.50 I like my position and not worried about the scalp. Trying to capture a larger term move. Checkout the last post on oil below in the related ideas. Best of luck 🎲🎲🎲 🥇MLT | MAJOR LEAGUE TRADER
TVC:USOIL
by UnknownUnicorn2319099
USOIL weekly Market overviewUSOIL 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 amazing. we've got a nice trade on this first bounce from 20 we've got a correction and continuation now we are trading at around the 30 which is a key structure level at the moment because we have a structure area here as far as there is no break above it. you may get one more leg to the downside otherwise if we see a break to the upside as i marked on chart then we may be going and gonna try to test previous high so then oil maybe start establishing some kind of bottom for the possible continuation. so as I said if we push higher and then keep an eye 30 level after that is the 42.50 that is the key major level that been tested there many times that got broken lately , but that depends on how the opec meeting on Wednesday gonna give us a glimpse of what to happen next.as for now the price is back above 200 moving average on 1 h time frame ,since the break below it never broke above it but now we saw that we had a break above it and correction and a continuation is on the way, so next move if we break higher keep an eye on 30 level.
TVC:USOIL
by ForexCracked
2