USOIL | 2 Short scenarios | 15min Tales | Chapter 2
Updated
Be aware this trading scenarios are based on the 15min chart.
TLA1 is based on a recent Swinghigh that served as a strong resistance level.
1. Short (Orange arrow)
Requirements:
- Price falls below TLA1
- Price moves to S/R Level 1 or falls even deeper
- Short opened on retest of TLA1
Target: Recent Swinglow aswell the next Support level (on that timeframe)
S-L: See chart - i dont want to see a candle open/close above it
2. Short (Red arrow)
Requirements:
- Price goes below TLA1
- Price falls atleast to S/R Level 2 or lower
- Enter short on retest of TLA1
Target: HTF Support level and first stop of the recent downtrend
S-L: See chart - i dont want to see a candle open/close above it
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
TLA1 is based on a recent Swinghigh that served as a strong resistance level.
1. Short (Orange arrow)
Requirements:
- Price falls below TLA1
- Price moves to S/R Level 1 or falls even deeper
- Short opened on retest of TLA1
Target: Recent Swinglow aswell the next Support level (on that timeframe)
S-L: See chart - i dont want to see a candle open/close above it
2. Short (Red arrow)
Requirements:
- Price goes below TLA1
- Price falls atleast to S/R Level 2 or lower
- Enter short on retest of TLA1
Target: HTF Support level and first stop of the recent downtrend
S-L: See chart - i dont want to see a candle open/close above it
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Trade active
Note
Note
As price didnt show a open/close of a candle under S/R Level 2 i currently only consider the orange arrow scenarioNote
If price should breaks fast and stronly the target area i might consider closing the trade at the red arrow targetTrade closed: target reached
Liked this one. Decided to stick to the plan and leave the original target which was just hit. (+1.92%)
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