Usoilforecast
USOIL ANALYSISHello Fellow Traders, Here is a Full Analysis on USOIL.
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
7.Show some support Below ( Like , Comment , Follow & share )
Let Me know if you have any Questions or Comments Below
Happy Trading & Goodluck!
See You in the next Analysis!
Global Fx Education
US OIL SHORT UPDATEMy previous bias of 54.20-40 still stands for oil, I mentioned in all the previous videos that the current trading range will be choppy and we will see consolidation.
Everything going to plan so far with oil, looking to take shorts at the liquidation zone. This is my last post until my shorts are activated, do not get caught out shorting at 53.80.
Biden is pro green and anti oil so you can only imagine the hits oil will take.
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.
WTIUSD or Crude Oil or USOil Long IdeaWTIUSD or Crude Oil or USOil Long Idea from our strong Support Level.
Trading Levels : »53-52 | 51-50 »Risk=0.5point | TP = 54.5
Fundamental Imp—As predicted more stimulus talk $1.9 Trillion by Biden push OIL in bull mode from our levels, next TP=54.50/56.00
PREVIOUS RESULT—Enjoy PRECISE LEVEL1=52.2 to 53.8=1.6point gain=24hrs
US OIL MARKET BREAKDOWN So oil is coming up to our shorting region, due to this I have done a technical analysis video for you all to watch.
This video shows that trading is simple but only if you keep it that way.
-Use previous price action and market structure to create set ups and opportunities
-Use higher time frames to get the full picture
-Keep the charts plain and simple
- You do not need multiple screen with flashing indicators
Hope this video helps
US OILCalled this lovely long last week. I stated a drop in oil would come back towards $47 as this was major support and once this had happened we would carry on towards $50 which we have done perfectly. I am bearish on oil for the start of this year due to the continuation of COVID. I could see oil picking up in Q2/Q3.
I believe oil will start ranging for a while between $47.70 and $50.50 with spike into $51.50 before reversing back down to low 40s even touching high 30s.
My trades usually take around 7 days to come through as I don't aim for 10 pip trades, I aim for high profitability...320 pips caught in a day!
No mess on the charts. Plain, simple and effective. Of course I don't get every trade right that's why I post everything with nothing to hide...you can look back and see BTC did nothing in accordance with my analysis. It's important traders show the full picture to avoid toxicity and false presentation to new comers.
MTF killer zoneThis MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful .
The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the near future (3 to 4 days or periods in this example).
You can use it as a target if you already have an open position in the market, or using a time frame for entry and another for target.
I can send for you on request different time frame the MTFkillerzone, such as weekly and monthly also good for yearly.
I recommend to use it only major pairs, also any other financial instrument ( Commodities , indices, bonds, and equities) .
Enjoy the setup please! :)
US OIL SHORT UPDATEPlaying out to perfection...We got well into 200 pips profit at one point but pull backs are happening and have not secured any profit yet (pull backs happen with every trade). Providing a third opportunity now to enter another position.
I wanted to go into the lower time frame to show how well my levels have worked but it just makes the chart look messy.
First entry taken @ 47.72. Stop loss breakeven.
Second entry taken @ 47.33. Stop loss breakeven.
*****Third entry will be taken @ $46.72***** with my stop loss above $47.33
Let me know if you took the trade!.
Give me a follow...4 more until 100! love the support.
US OIL SHORT UPDATESo I gave the initial call around two weeks ago explaining a manipulative push upwards which we watched happen last week. I gave the short call on the wick which gave us only 4 pips draw down before swiftly moving into profit (can't ask for much better than that). After posting again I gave the zone below "47.33" as another entry point to stack another position. We have come up to tap that perfectly today which again gave us 1-2 pips drawdown before moving off. I do not see any more room for further upside movement now and I believe we will head into a bearish week. $44.00 is my first real profit taking zone (bottom of the channel).
Follow my page as I will soon look to create an educational video on how to trade USOIL to this precision. Looking to hit 100 followers soon, I appreciate all the support!.