USOIL-Increase SELL slightlyWe have re-sold $ 93.75-94.25 and I feel we should add slight current $ 93.10-93.30 again. Leverage still low, but feel we may catch move lower soon. Yes, still uncertainty no doubt, however, market has build long, and for that reason am adding here.
Stop-loss prefer not too, but adding as mentioned before $ 95-97 and 100 if seen, when straight upwards.
Downside, we trim $ 85 and rest $ 77-78.
Usoilsell
USOIL- SELL +++Got stop-out at $ 93 and minor discomfort since the short was average $ 91.25.
Looking at the chart and also the condition of market, and yes, am aware of reports etc and we all are no doubt, the hype is BUY BUY and BUY.. but the question is in how far is market LONG. On a historical note, OIL can move drastically and as we all remember, we were even in negative terrain as well.
So, for now, am RE-SELLING $ 93.75-94.25 again (very small as a note as I always do with more volatile instruments), and SELL agan $ 95.50, $ 97.00 (increase more, i.e. heavier weighing). No stop-loss and profit order at $ 77-78 as before.
USOIL-SELL strategySlowly we are moving lower and the MACD is negative now.
The most likely movement is downwards as market is liquidating its long positions. This may continue until $ 77-78 is reached for now. remain short, or sell into $ 90-92 range and place stop-loss higher $97-98. Profit order $ 78 for now.
USOIL-SELL ++For now, we only add to any strength. Yes, we may have escalation etc. and market is positioned that way. We may see a spike, yes, as this is possible.
Strategy is SELL and add in very small increments creating a good average to earn a return. Levels for now $ 90-92-95 and 98.
Profit objective $ 75-77.
USOIL-SELL strategyI am moving the stop-loss higher, as I am not very worried about the slight move upwards. The reasons are understandable, and as long we got the Ukrain crisis, OIL will be bid up. However, considering the conditions of the market, market is LONG already and is looking for further unlucky LATE BUYERS.
For now, I feel we SELL CURRENT $ 88-90 and keep stop-loss at least $ 95 or higher. We may even move it higher later, as I prefer to add small increments on strength. It is very likely to see a return level of $ 72-74 again and that is also our profit objective for now.
USOIL-SELL strategyThe stochastic is positive and may move price little higher. I have no change in view.
We are nearing top Donchian, and also RSI not corrected fully as yet. The MACD is positive still (lagging).
remain SELL strategy 86.50-87.50 and place stop-loss above $ 90 for now. Profit target $ 77 below.
Daily Crab Complete 🦀USOIL - Deep Crab Complete landing in a strong supply zone pushing price down and breaking the HTF momentum line (I was waiting for this break because price has been pushing up for a while) Great confluences here for a sell! (LTF and HTF)
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USOIL- SELL strategyStop-loss was executed sligtly above 87.00, and I have re-instated the short once again.
I am not convinced the run up can continue too far (one never knows for sure of course). The daily-chart RSI is above 73.0 and the stochastic is in the higher range and showing turning. I feel overall I am happy being short, but will place the stop-loss little further away.
The strategy is sell current $ 86.50-87.00 and place stop-loss $ 90.00. The profit objective still $ 73-74 I feel. we can recover the small loss. Just bear in mind low leverage always, which is the key to successful managing the funds we have under our belt.
USOIL- SELL strategyNo change in view, and levels even slightly better to sell.
The Donchian Channel shows topping potential, and the a Doji has formed right now as well. The stochastic is high up, but RSI (not shown) is high but not extreme).
I prefer SELL $ 82-84 as stated before, and place stop-loss $ 87.00 (slightly higher then previously suggested).
Profit for now $ 72 instead of $ 68.00.
USOIL - 2 Short ScenariosPlanning to take a short position if price should move either way:
Scenario 1 (Green Arrow):
1. Price keeps moving up and breaks blue area
2. Breakdown under blue area
3. Short on retest of blue area
Target: A big S/R level + depending on the next moves could be around 50% fib level
Stop- Loss: Above blue area
Scenario 2 (Orange Arrow):
1. Price doenst break blue area
2. Breakdown and formation of lower swings
3. Reclaim of green line (former Resistance level)
4. Short on retest of green line
Target: A big S/R level + depending on the next moves could be around 50% fib level
Stop- Loss: Last recent Swing High
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My General rules and approach regarding trading:
- I mark levels that i find interesting and set up requirements what price needs to do at these levels so i feel comfortable to take the trade
- What price does till its reaches my levels doenst matter to me, even if it takes days, weeks or even months or never at all (Alarms are set and thats it)
- For my entries i often use Strategies on smaller time frames and to increase my chances and profitability (Breaks in LTF-MS, HS etc.)
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading!
trader_se
USOIL INTRA-DAY SHORTS 📉📉📉Expecting bearish price action on this pair as price takes out PDH ( previous daily high) where a lot of liquidity is located from yesterday trading day, if price rejects with a M30 bearish closure then we go lower.
Perfect targest into PDL
What do you think ? Comment below..
USOIL-SELL strategyOil feels a little tired in the current highs, and the stochastic is turning negative, and we are in to the BB high as well.
I feel sell strategy between $ 79-80.50 with a stop-loss $ 85 to be a reasonable trade strategy. The profit objective in the low $ 72s.
the strategy is a very short-term one, and that is why the the sop and profit levels are within close reaches.