Us Oil; Where to look longOn the recent Huge US OIL fall we can identify new Long zones to take.
For the less risk averse Traders, we are at current support and light longs can be taken..
If you are more risk averse and want a more accurate spot for longs, look to Long Zone 2 for comfortable support and new longs.
Usoillong
USOIL LONGS 📉📉📉📉 Expecting bullish price action on USOIL as price takes out liquidith below the weekly lows + rejects a bullish orderblock area on H4. We are bullish from a fundamental perspective in my opinion. The targets for this week if we have enough volatility would be somewhere around buy side liquidity area 109.000 old highs liquidity.
what do you think ? Comment below..
Butterfly Complete 🦋 USOIL - Nice butterfly pattern complete above strong demand, let's see what the FOMC brings, ill be looking for an accumulation on the LTF to take this long!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USOil LongThere is a daily doji indicating that liquidity needs to be taken at a double bottom, institutional traders will be looking to take out the SL's there for another push up following on from the news last week that the US may release their biggest amount of reserves in a while, 180 million barrels over 6 months. Price is starting to form a descending triangle that we expect to continue until we come to the end of that. We could see price break down after, in which case we'll take sells after a rejection off the support zone to make it turn resistance. Price could give a false breakout out of the descending triangle; hence we have TP's higher than the downward trendline. Squeeze Momentum Meter is showing that although price is coming down, there's not major volatility in the move so we can expect the liquidity grab to bring price back up.
R:R = 1:11
GL as always!
USOIL - APRIL IS REVERSALWe have analyze last 12 years of USOIL data in the month of April. The data supports bulls as 8 out of 12 times the April month give bullish closing. While 4 times bears won the battle.
The most important findout from the analysis is the behaviour of April.
April seems to be reversal or it define top or bottom. During Covid-19 crash when the futures crude oil went to negative, April defined the bottom and we see price appreciated from there.
Similarly, as highlighted on the charts with small arrows, April either defined top or prove to be a reversal point.
This year 2022, The March leaves a big wick on the sellers zone and price retracted back to 30% of the month. It is also noted that the price is trading near the strong seller zone which USOIL has unable to break since Jul 2008.
Have we seen the top and price will reverse from here?
What do you think ?
USOIL top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USOIL 102.35 -4.03 % SHORT IDEA * CONT. PTTNS & PRICE ACTION 💡HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
LOOKING AT THE USOIL
* The ENERGY is currently trading in an DOWN-trend , just consolidated, tested the roof of this structure .
- Short term the ENERGY is currently at the supply zone could go lower so looking for possible continuation with the bears.
- Looking for SHORT entries on the THE CRUDE this week should all the rules of the formation be met.
******* CRUDE OIL INVENTORIES YESTERDAY saw an increase in the oil is actually less than expected @ 3.449 M which implies LOWER demand and the energy could react BEARISH .
SHOULD WE BREAK BELOW HERE'S A POSSIBLE SCENARIO SCALLED DOWN TO AN HOURLY TF
So lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bearish price action on USOIL as price takes out weekly lows and fills a bullish imbalance on the H4, we have a clear bullish market strucutre from a HTF premise on this chart and we should go higher somewhere around 120 price area where we have a lot of bearish imbalances.
From a market seasonality stand point we are in a CLEAR BULLISH SEASONALITY meaning the price of USOIL should rise more and more, way above 130$ per barrel.
What do you think ? Comment below..
Shark Complete In Nice PRZ 🦈USOIL - Nice rejection with multiple BOS on the lower TF, waiting for a pullback and this demand level to hold before potentially going long to fill the gap!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USOIl - 4h - Long or Short - Ready to engage Short scenario
General
Currently we are below the Weekly open which is in confluence with the HTF range 50% (untested though). The orange level is a weekly s/r level. If price manages to break under the green s/r level (level 1). I expect a move down to the 50% fib level of the recent range. Maybe lower. But given the current situation and that we are generally in an uptrend its better to be careful with shorts.
Fundamentals
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Plan (Blue arrow)
Target
50% Fib level of the current range
Requirements
- Break under the green s/r level (level 1)
- No break followed by a retake of level 1
- Break of level 2 (blue line)
Invalidation / SL
- Price moves back above level 1 after breaking
- SL slightly above level 1
Time duration
Days, weeks, months, years... ;)
Long scenario
General
If prices should manage to get above the weekly open i am looking for longs.
Fundamentals
-
Plan (Orange arrow)
Target
HTF s/r level
Requirements
- Prices moves above weekly open
- Price move above recent deviation (green circle)
Invalidation / SL
- Weekly open fails to support price after a retake
- SL slightly under the orange s/r level
Time duration
Days, weeks, months, years... ;)
Additional
I linked to another USOil Idea with a different time frame. They dont exclude / invalidate each other. if they occur / develop.
Good luck
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre on a D1/H4 market strucutre premise, price filled a bullish imbalance on h4 and rejected a bullish orderblock that should act as a valuable area of ,,support, if you will. We have strong bullish momentum, and i hope for a strong bullish closure on H4 that could sign a potential reversal.
What do you think ? Comment below..
USOIL LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre from a H4/D1 perspective, price is rejecting right now a bullish orderblock area on H4 this area could act as a valuable area of support if you will. Another reason why i think we go higher from there is because price has a lot of bearish imbalances near 120$ area that are still opened price could be magnetize there to fill the price inefficiency.
What do you think ? Where we go next ?