USOIL short term BUY

5 avr. 2021

A nice flat is forming on the 4H time frame and I am taking he completion leg. then observe price action for a sell at the top of the C leg of the flat. Lets see how it plays out.

5 avr. 2021

Transaction en cours

Updating labels...

6 avr. 2021

Transaction en cours

The trade is looking good so far. The impulsive moves are always a pleasure to trade.
I would normally not move my SL to breakeven but the move is significant enough to do just that to be a risk free trade.

Do like the idea if you find it useful. Thanks.

6 avr. 2021

Note

Target price ==> 62.40

7 avr. 2021

Transaction en cours

A deep retrace for the Y leg. A good second opportunity to buy OIL shot term. Look for reversal pattern to buy.

9 avr. 2021

Transaction en cours

My trade is still active. Oil can be very slow to move when it is correcting. PATIENCE is the key.

Do like and comment if you like the idea. Thanks.

14 avr. 2021

Trade fermée: cible de profit atteinte

Played out nicely but one thing you must know about oil is that is is usually not fast in movement. So patience is the key. Cheers