US OIL Falling Plan..For more Daily Detailed analysis, go ahead and click on the follow button. If you have any questions, please do ask them!
After closing former positions we are looking for a fresher approach to our trading plan on oil..
We have seen oil have a huge Rally on strong market sentiment over the last few weeks, allowing us to get on the short side with careful/accurate position sizes.
As we know, what goes up must come down again. This is true in the markets because ultimately Price will get Rejected and the direction of the market will change..
It is therefore imperative NOT to act as if this will not happen. It will. and it always does..
Look for eventual exit at Eclipse symbol area.
Usoilshort
USOIL shortFor more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them.
Here we have our USOIL chart again.
On the huge rally up we are getting short. We are starting to see downside impetus as PREV high’s were reached.
This is a HIGH price and shows us a previous level for short side trades.
Remember to trade small on OIL and manage your risk accurately. This includes lowering trade size against strong sentiment.
Also remember you do not need to hold every trade all the way down. You can exit and RE short.
Exit at eclipse symbol on your entries.
Every Trend has an end. Looking at long term markets in detail.Don't forget to click on the follow button for more Detailed Daily Analysis and ask any questions should you have them,
There is a large debate around the current US OIL market. Many think it will go up and up forever. Unfortunately, that is just not how markets operate..
Markets move up and down based on sentiment (market news and buyer/seller strength). This drives the market up and it drives it down. What puts a market up for a large rally is good or positive news surrounding the commodity in question, In this case it is oil.
Positive news sentiment has led to a large increase in price. BUT, after these long moves, we get changes in sentiment that draw prices downwards. If you look at the rally size on OIL you will see it has gone up for a long time and is due a pull back down to reasonable prices.
If you are worried about it, flick back through your charts. Look at ALL the other times it has happened and make your reasoning.
If you are going to go short, trade it small. Also, Like now you can continue to short on the fall after price begins to move away from Previous highs.
Remember these trades will Not be overnight so do not treat them in such way. If you are short, trade small and have patience.
Current fundamental analysis is showing positive market sentiment. This is based on the latest news out around the tightening of supply and the increase in demand.
Be sure to check the news around oil when trading it as it is heavily sentiment driven.
💡Don't miss the great Sell opportunity in USOIL!Hi dear Members . Hope you all are enjoying our ideas and analysis. Now we are here to update about USOIL . USOIL is exactly Moving according our analysis and We expect to reach the first and second goals if the trend line is broken. Make sure that the trend line drawn in the figure is broken before entering the trade.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
USOIL TRADE IDEASGood Evening guys;
Market open tonight and I am looking forward to see where oil will open...If you haven't read my most recent breakdown make sure you do so as it gives contexts to these two trades. It's not often I post the positions that I play on taking on trading viewing so I hope you enjoy these...We bagged around 350 pips by the end of the trading week and we look to carry it on this week. These set ups could change so make sure you are following us and use the signature down below for even more content.
Disclaimer:
This isn't financial advice and trading carries risk! Do not overleverage
USOIL MARKET OVERVIEW Good Evening guys;
Here is my opening week breakdown/overview for OIL...
As we can see from the $87 dollar region OIL reversed nicely with a large bearish gap and a rejection of the trendline. We can see that OIL has had some of the most bearish 4hr candles that we have seen in a while and this is a good sign for a deeper correction, we can also see that bulls are struggling to gain lost ground so sellers are in the market to an extent. The more organic candle development there is, the easier charts flow. We can see from the reversal area that Oil has made a gradual correction almost forming a natural channel but we can see under the most recent candles that for buyers price is in steep incline making it unstable and liable to breakouts.
OIL is caught between the two dashed orange lines and this is a choppy range where oil will either break to the upside or downside (arrows mapping the movements). Should OIL fall below the bottom orange line then it will be a quick drop to the bullish reversal zone. This bullish reversal zone is key for oils development. Should it break then we will see deep liquidity to the red line or even drop off 72.40.
In this case I see 80.40 acting a strong support area and creating a new lower high in the market attracting buyers again. OIL is still stupidly bullish which is why I have marked the "blue arrow scenario" because we can't ignore this. Tensions with Russia could cause extreme volatility within oil at any moment so I am taking less risk and keeping tighter stop losses on ALL trades.
The community has been given a road map to follow for oil and so far it's playing out nicely, upon clear rejections I will be looking to short again and then buy once support is found around 80.40.
MAKE SURE YOU CHECK OUT OUR SIGNATURE
CrudeOil, let's set the Stop ProfitI have to say that MCS did an amazing job this time too .
Since we entered there has only been a small drawdown on January 20th, and then it decided to reverse the trend, or at least make a nice pullback, and we are sellers on the highs!
Now we have to do something that for many will be incomprehensible, others will certainly not, and finally the last will accept it because they know how certain portfolio management works.
We need to set the Stop Profit just below our Entry Point.
We need to secure this trade, and assume that I am the first to want to see a profit go to target, but we need to save our buttocks from a hypothetical reversal of the reversal and a resumption of the primary trend.
You have to think: If I go to Stop Profit I have not lost anything. This is the winning mentality, I push when there is a need to push towards the target and I also accept the cancellation of my analysis without losing anything, indeed earning a few pips.
I close the parenthesis on the mindset and insert the Stop Profit at 85.50
USOIL MARKET BREAKDOWNWhat a day to be following us;
Lets Recap first:
One of my first posts on DEC 28th 2021 I stated oil will push from the $70 region to the $87 region, I stated when we reach that $87 dollar region that the market will reverse like it has done today. We took short from $86.68 and have bagged ourselves around 230 pips profit.
Explanation:
Due to inflation and other factors oil has been climbing nonstop for weeks upon weeks with virtually no pullbacks, the higher oil went without pull backs the more violent the drop will be. If you look back through my ideas you can quote words such as "violent drops" "liquidity" and "long wicks". All of these have been present today and almost a month of planning has come true...you can't say we don't know oil or what we are talking about.
Due to oil climbing rapidly it was only a matter of time before we saw the drop like today (I wont disclose how I knew the reversal point...that's a secret) but I will tell you how it was easily spotted. Oil climb to $86.92 where I went short and took profit before going long back up again, The fact that oil showed some nice pullbacks from this region showed institutions had sell orders around this level. Oil flashed up higher creating a fake out (all you needed to do was look at the daily candle to see where oil actually closed). When oil closed it opened back up with a very bearish market gap which had broken that extremely steep trendline, the trendline was not manageable and this move was long overdue (the bigger they are the harder they fall).
When oil came back up and closed the gap it tapped the broken trend, in doing so it had a long wick showing that the institutional sell orders were there again...this all also lined up with the 61.8 fib and a small head and shoulders pattern which developed...all these reasons were to short.
I have marked the major resistance zone which oil could pull back above temporarily but ultimately I believe it will fall below...I will look to find another short upon a pullback. This isn't oil going bearish, all it is doing is having a correction from it's bullish rampage. Ultimately I will be looking for longs at the right positions.
We did very very well today and there is nothing better than when a long awaited plan comes together. MAKE SURE YOU USE THE SIGNATURE DOWN BELOW!!!!
USOIL Future Important Zone's To Keep An Eye On.#USOIL Analysis
Million$ Trades If Traded Safely And Wisely.
Crystal Clear Zones, In Need Of Price Action + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support. My Gift To All The Investors, If You Benefit Dont Forget The Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
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
////////////
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
OIL stalling for a fall..For more daily Detailed analysis, please feel free to click the follow button. If you do have any questions, please do ask them!
We are looking short on our OIL trades on this topping out action.
OIL has rallied hard and fast for a long time. Trade small and spread your positions when these rallies occur... It helps a lot.
look to continue shorts as price falls to Comfortable higher TF support.
Exit at eclipse symbol.
Oil and Trading SHORT and SMALLDon't forget to click on the Follow button for more daily detailed analysis, Also if you have any questions, please do ask them!
On our US OIL charts we have seen a large rally. These rallies come to an end ultimately and price pulls back VISIBLY on larger timeframes.
If you trade small you can accumulate such positions and you will not be hurt. you can also use the gains accumulated to offset any losses.
There is a larger margin for oil to move but we are looking INTRADAY on this trade.
Remember we are not looking to exit overnight. Sometimes these trades take time and because your RISK management is correct you will handle it just fine.
Make sure you exit when you have gains, you can RE enter on the way down.
Most importantly make sure you Risk management is correct when trading assets that are heavily sentiment driven.
OIL short the way back down..For more daily Detailed analysis, please feel free to click the follow button. If you do have any questions, please do ask them!
Here we have our US OIL charts.
It is key to note the HUGE rally we have experienced and the way in which your risk management must be tight when sentiment is strong.
Assets like oil can be driven heavily by sentiment. This allows you to ENTER before the price falls.
We are not looking overnight. These falls can take time and there is simply no exact point.
Trading with stop losses in tight places when the sentiment is strong may have you closed out. For this reason your Risk management must be correct for when price does ultimately fall.
You can also exit in stages on these falls. It does not have to be just ONE trade.
Exit is at the eclipse symbol.