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Usoilforecast

US OIL LONGLooking for oil to make a pull back upwards before we see the actual downtrend commence. We can see on the daily and most time frames that the trend is shifting. This long is risky as oil as the potential to did into the 57.80 region, for those that were messaging me knew my overall bias was short but I have been in the long trades. There are two scenarios from here. S1 Oil is bullish until $56 a barrel is broken, until this region is broken we have the potential to see $64-65 a barrel. If this is the case I will keep up to date with long trades. S2 Oil rejects the $60.60 - 60.80 region and we see the decline. If we pull to this region it would form a H and S pattern. But I would like to see $61.20 spiked in this case. This would wipe out stops.
TVC:USOILLong
by XHRISTIE
USOIL ANALYSISHello Fellow Traders, Here is a Full Analysis on USOIL. The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish engulfing / Break of structure Aka Support Or Resistance) 3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND ) 4.Always Use Risk Management (Risk 1% of your capital) 5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation) 6.Trade at own risk. 7.Show some support Below ( Like , Comment , Follow & share ) Let Me know if you have any Questions or Comments Below Happy Trading & Goodluck! See You in the next Analysis! Global Fx Education
TVC:USOILShort
by Global_Fx
Oil Hedge Buy OrderOil Long Position Entry: $53.07 TP & RR: $54.12 (2.49) Stop Loss: $52.76 REASONS FOR THE TRADE If you followed my trade idea from yesterday, then you should have an open short position at $53.55. I was expecting a lower high, but instead, the price formed a double top. Our SL wasn't hit. Anyway, I believe a new uptrend channel has formed and in order to secure your profits from the short yesterday, I suggest moving your Stop Loss as well as considering a hedge long position. Should this trade idea prove valid, you will be piggybacking on the small uptrend until we reach the upper channel. If it turns out to be invalid, then part of your short order will cover the losses for this long. Stop Loss is under the lower trendline and the target is set at the upper one.
TVC:USOILLong
by Quant_