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USOIL H2: BUY/HOLD XABCD setup 15% gains (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as I expect more gains.
READ ENTIRE IDEA BEFORE EXECUTION!!!!
🔸 Summary and potential trade setup
::: USOIL 2hours candle chart review
::: speculative XABCD setup in progress
::: expecting correction/pullback after G20
::: G20 meeting likely result in pullback MODE
::: higher risk setup: short from point C
::: near 92/94 USD TP BEARS 80 USD
::: this is higher risk setup use tight SL
::: BULLS remain on sidelines and wait
::: for correction to complete (point D)
::: recommended strategy: BUY/HOLD 80 USD / D
::: 80 USD is also a strong liquidity gap zone
::: BULLS should wait for a better price
::: TP1 BULLS 90 USD TP2 BULLS 93 USD
::: WAIT for price to pullback before buying
::: near 80 USD / liquidity zone /point D
::: shorting is a higher risk setup now
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 80USD fresh demand zone
::: 92/94USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment mid-term: BEARS/pullback
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.