USOIL SHORT
Trade (1)
Entry Type : Market Sell @ 57.15 w/ candles stick confirmation
Stop Loss : 57.50 T
Take Profit : 55.00
R/R : 6.14
R/R % : .37% / 2.27%
Trade (2)
Entry Type : Limit Sell @ 57.30
Stop Loss : 57.50
Take Profit :55.00
R/R : 11.25
R/R % : .37% / 4.16%
Technical Analysis: We can see price action has formed and stayed within an ascending channel. As expected price action has retested the top of the channel and had declined upon doing so. I am now expecting a slight bullish pullback into the 55.15 - 55.30 range (61.8 - 71.0 Fibonacci Levels) where I will look to executive a manual position when receiving a candle stick confirmation as well as a limit sell order at the top of the range. My stop loss is above a minor resistance as well as the 78.6 Fibonacci level meanwhile my take profit is placed slightly past the -61.8 Fibonacci level at the 55.00 psychological target.
Entry Type : Market Sell @ 57.15 w/ candles stick confirmation
Stop Loss : 57.50 T
Take Profit : 55.00
R/R : 6.14
R/R % : .37% / 2.27%
Trade (2)
Entry Type : Limit Sell @ 57.30
Stop Loss : 57.50
Take Profit :55.00
R/R : 11.25
R/R % : .37% / 4.16%
Technical Analysis: We can see price action has formed and stayed within an ascending channel. As expected price action has retested the top of the channel and had declined upon doing so. I am now expecting a slight bullish pullback into the 55.15 - 55.30 range (61.8 - 71.0 Fibonacci Levels) where I will look to executive a manual position when receiving a candle stick confirmation as well as a limit sell order at the top of the range. My stop loss is above a minor resistance as well as the 78.6 Fibonacci level meanwhile my take profit is placed slightly past the -61.8 Fibonacci level at the 55.00 psychological target.
Ordre annulé
Candlestick for the market entry never presented itself thus was not executed. No market entry means no limit entry.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.