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Usoillong

US OIL LONGLooking for oil to make a pull back upwards before we see the actual downtrend commence. We can see on the daily and most time frames that the trend is shifting. This long is risky as oil as the potential to did into the 57.80 region, for those that were messaging me knew my overall bias was short but I have been in the long trades. There are two scenarios from here. S1 Oil is bullish until $56 a barrel is broken, until this region is broken we have the potential to see $64-65 a barrel. If this is the case I will keep up to date with long trades. S2 Oil rejects the $60.60 - 60.80 region and we see the decline. If we pull to this region it would form a H and S pattern. But I would like to see $61.20 spiked in this case. This would wipe out stops.
TVC:USOILLong
by XHRISTIE
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 CollegeofPips
2
USOIL 59.80 - 0.52 % LONG IDEA * PRICE ACTION CONTINUATION PTTNSHEY EVERYONE Here's a look at USOIL from the 4h chart with some emphasis from higher time-frames, hope everyone is having a great one in the markets this week and a good one. looking at USOIL from the monthly & weekly chart the pair just broke out of a descending channel looking for a continuation of this move as the momentum with the bulls is very strong. Coming to the 4H we've been in a beautiful strong uptrend that is not showing any signs of slowing down hitting those impulse and correction moves with the bulls targeting level 66.45 looking for longs in the pair. lets see how it goes AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:USOILLong
by PULEMokhothu
1
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_
Oil Double Bounce and Up - Long PositionOIL BUY ORDER Entry: $52.71 TP & RR: $54.66 (4.88) Stop Loss: $52.31 REASONS FOR THE TRADE If you followed my trade idea from yesterday, then you know that I was expecting either for the price to bounce from the lower trendline and then start trending up or break through it and take a deep dive down. While the position is still profitable and you may choose to keep it open, here I am suggesting another alternative of how price action may develop. I think the price will start zig-zagging around the support level, do a double bottom and then start trending up towards the upper trendline from the channel we already defined. The Market Flow indicator turned green, which in my trading system is an indication to close short orders and look for a long one. Those of you holding the short from yesterday may choose to hedge that trade with a long from that level. The Stop Loss is fairly close, so feel free to adjust it if you are worried it will get hit (especially if the spread on the exchange you are trading on is fairly big).
TVC:USOILLong
by Quant_