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.
Trade active
Short @ 5195, a 70 tick stop @ 5265Note
1R @ 5125, 2R @ 5055 & 3R @ 4985Note
Limit buy order to close 1/2 @ 5125, a 1R returnTrade closed manually
Closed with 0.14R loss @ 5205Note
USOIL 1H Follow Up Note
Limit sell order @ 5255, a 70 tick stop @ 5325Note
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 Order cancelled
Limit sell order cancelled
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.