US OIL MARKET UPDATETake a look into oil with me ;)
Hey you! Check the signature it's their for you!;)
Usoillong
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.
US OIL MARKET BREAKDOWN Here I am breaking down oil and what I see to come.
My bias of $54.40 still stands
US OIL MARKET UPDATETook a very quick but small loss but I am back on the long trade.
In this video I breakdown what I see happening next
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
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).
Crude Oil Futures Long, 15 minute chartOil is an an uptrend right now.
Hence, we can see 3 long positions on the chart.
Trade 1 is the riskiest trade of the three. It runs up to resistance on the daily chart.
Trade 2 is a moderate risk trade at perhaps a better entry price.
Trade 3 is the safest long and is about 1.4/1 R/R.
(T.P.) Take Profit = $54.13 (except trade 3 which would be $53.21).
Look for an entry reason - a buy signal before entering, good luck!
USOIL Multi-Time Frame analysis Hello traders , here's USOIL ANALYSIS . As you can see we have a continuation pattern structure.
it looks like price in long-term is bullish if that's the case keep an eye into this potential trade, let me know in the comment section what do you think about this trade.
Many reasons : potential order block, trendline structure breakout and retest , continuation to the upside pattern and also a strong risk on sentiment. price can potentially use the zone as a demand level to move the price to the next potential zone. I will be looking to execute a long trade in the gray zone
US OIL MARKET UPDATEHers is what I see coming up for OIL in the next few weeks. Hope you and enjoy the video and find it useful.
USOIL on a range move 🦐USOIL on the 4 h chart is moving inside a daily ascending channel.
After the last impulse until the resistance structure at 49 retraced at the 0.5 Fibonacci level.
The market started from there a range move.
IF the price will move up, according to Planctont's strategy we will set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
US OIL UPDATEQuick update on usoil...
We are still pushing higher as predicted and looking very like to come to our short region...Due to the bullish candles I have highlighted I believe this will come through in a few days time.
Big things to come for 2021 so follow this page.
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.
USOIL Position Trade Analysis - Scale In Looking to add onto my current trade with another opportunity. Oil seems to be setting up for a bullish run. Just need the proper fundamentals from the OPEC meeting this week and the confirmation from Daily and 4hr.
USOIL RETRACE T0 BUY ZONE 47.3 - 47.5 BEFORE RECOVERING...Expecting crude to gap down to 47.3 - 47.5 level to met the diamond buy zone. Price will climb to 48.8 - 49.5 level, possibly a bit further to 49.6. For price to continue uptrend, we expect a pullback to 47.7 - 48 zone and then buyers to push the price back up to extreme level 51.5. Beyond that it's probably a big jump down the cliff to the 30's...
The calm before the storm...
USOIL - CRUDE OIL - Buy - H4 ChartUSOIL - CRUDE OIL - Buy - H4 Chart
USOIL - CRUDE OIL Continues upward
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Wishing you successful trading 🙏
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🔺 Disclaimer! The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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OIL BUY TP_49.08_6.44%_2.97pips_SL_46.12_1.13%_0.52pipsOIL BUY TP_49.08_6.44%_2.97pips_SL_46.12_1.13%_0.52pips
USOIL LongUSOIL seems like its on uptrend, also on friday just made bullish flag pattern, either wait for retest of the trendline down or break the flag and get in trades.
Make sure to make your own analysis and dont follow me or anyone else blindly. :)
