USOIL Potential Short Setup

Seemingly there is another fading short setup coming up. The chart is self-explanatory, the levels are given and for now the only thing left to do is wait until the major bear angle is reached and look for an entry with a price action confirmation.

Transaction en cours

Short @ 5195, a 70 tick stop @ 5265

Note

1R @ 5125, 2R @ 5055 & 3R @ 4985

Note

Limit buy order to close 1/2 @ 5125, a 1R return

Trade fermée manuellement

Closed with 0.14R loss @ 5205

Note

USOIL 1H Follow Up

The next minor and major angle added and the range adapted accordingly

Note

Limit sell order @ 5255, a 70 tick stop @ 5325

Note

Price turned @ 5250, 5 ticks away from the limit sell, by now 1R target would be achieved. But there’s no haste as there are a lot of opportunities ahead.

Note

USOIL 1H

The aftermath

Ordre annulé

Limit sell order cancelled

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