US OIL SHORT UPDATEJUST LIKE THAT! As Mr Joe Rogan would say...
I do not post my positions on here I keep them private along with the analysis I use...I mentioned about being well positioned in my last post and we robbed the market for 70 pips with a few minutes. I mentioned that we wouldn't consolidate at this region and that there isn't enough momentum to carry so we needed a drop!
By now you will see that this a new account but I am not a new trader so make sure you like and follow!.
Want to learn more feel free to DM me.
I will wait for confirmation before my next move.
Usoilshort
US OIL SHORT UPDATESooooo USOIL didn't have the liquidation spike it need. It should have bee far more violent than that...We sit back and wait. I have plotted a further two zones above where I will look to short. I will not trade until I see a clear rejection of my zones with a ling wick. Trading is a waiting game!
Oils is BULLISH which is why I am being so careful before I short the market...Ideally I would prefer to buy but the sell will come first.
US OIL new planWe are looking for intraday gains on the short side of oil. Price is way high and market news sentiment around OPEC is out.
There is a very important lesson lots of traders always miss out, so we are going to cover it now.
Firstly, when you are looking at higher timeframes, trades will take longer and can move further against you. This is because the timeframes are HIGHER and so are the prices. On an intraday chart you might be looking for a quick move to be out for profit. On a daily chart, you should be accumulating positions and offsetting gains/losses. you will find the higher the timeframe the more price can move. Trades on higher timeframes have higher ranges and therefore can take longer.
Secondly, assets like oil have large ranges. If you are expecting to pinpoint your trades every single time for a smasher 10$ move it just wont work. If you are not suited to this, drop your timeframes down and look for fast gains.
Finally, on such assets you cannot be trading big. Risk management is the way you manage your position size and distance between positions. If you are trading too large because you want to make it big.. It just wont work long term. Drop the size especially on assets that can move fast.
US OIL MARKET BREAKDOWN Oil is following analysis very nicely...slowly but nicely. Due to the new year coming in and trading just getting back into the swing of things we can expect consolidation and low liquidity in most pairs until the ball really starts rolling.
As mentioned in my last post I have expectations for oil in Q1 and Q2 but we need a liquidation region to push to the accumulative zones and I expect this to come sooner rather than later. When I post I am not telling the market where to go I am simply trying to predicts it future movements so I can be prepared to take the trade when the opportunity arises (NEVER TRY AND TRADE THE MOVEMENT YOU PREDICT...MARKETS MOVE ON THEIR OWN ACCORD).
Oil has broken its consolidation and retested with a rejection which is a good sign. Oil usually has big spikes and long wicks in its corrective move and that's what I'm waiting for...Oil can easily push 79.70-80.30 which sits just outside the true trend so I favour this as a short region. We can't rule out the possibility of the purple zone this is a major liquidation so I will keep my eye on it. I will watch and wait for rejection and then take my shorts down to the 75-74 region hopefully gaining 500 pips profits.
Feel free to drop me a message.
US OIL downDon't forget to click the follow button to view my daily detailed anlaysis. Also, should have any questions, please do ask them in the comments,
Here is our US OIL chart..
We have seen this asset rally recently on current news sentiment about Demand. On such prices rises we start to look short at applicable areas and create an ideal profit margin with our exit plan.
We are at reasonable resistance and moving off Key MA's. Stochs are high and we are looking for a move down to our Target area noted by the eclipse symbol.
Make sure your risk management is correct!
US OIL shortFeel free to click on the follow button for more daily detailed analysis and please do ask any Q's should you have them.
Here we have our updated US OIL chart. We are looking short around the area noted by our directional arrow.
Look to take profit lower at comfortable support. This is a strong area that we hit previously.
US OIL with room to moveDon't forget to click on the follow button for more daily detailed analysis,
Here we have our updated US OIL charts.
We are still looking short further down to targets after our first ones were hit. RE enter shorts on rise up.
Price TGT is noted by our eclipse symbols on chart.
Potential Crab Forming 🦀 (Short then Long) USOIL - Daily Crab is still valid price is moving nicely up towards the D point.
However we had a big bullish push on the 27th that sent price into a consolidation leaving a large imbalance before price started to break to the downside again.
We have confirmation for shorts using the LTF BOS etc, once the markets open, I'll wait for price to settle and then I want to see price fill this imbalance and trade from the OB, S/D zone up to towards the weekly highs!
Such a beautiful zone of confluence! A++ trade if price gets there!
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.
OIL: Huge Head & ShouldersWow! Could this be the right shoulders forming on OIL?
The remaining imbalance is being filled and we are creeping up into the main supply, if we see rejections, we could have a bearish move all the way down into the equal lows.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply.
RISK DISCLAIMER:
Trading Crypto, 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 a tight stop loss.
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USOIL short US oil just gave us a sell signal, as it looks like, in the 4 hours frame time.
we have a significant rejection with volume, what chart is telling us here is that get ready something will happen,
and I am sure that price will drop and sharply, it may sideway first but surly it will drop.
and now is a really good time to sell.
if we gave a look to the HMAs we would see them pretty far from the price, and it definitely can't stay that way for a long time, retests on them are a sure thing.
US OILUSOIL...
I still expect a pullback from oil but this consolidation has been extended making a breakout more likely! I favour the upside for a spike to liquidation and sell orders can be met (We closed above major support and the majority of retail are shorting the obvious H and Shoulders. I am not entering this...just for reference.
USOIL MARKET OVERVIEW USOIL
OIL has opened this trading week with a bullish impulse, currently oil is fighting on a bullish zone which requires a lot of drive to break through the zone. With many bank holidays and coming up to the final few trading weeks of the year I see oil pulling back to gather momentum to take it to the next high when the markets get back into the swing of things after the new year. Oil has broken out of a wedge which also needs testing before the next move...I expect dips back towards 70.70 before we see the real move coming.
I currently have a short running and the set up will be posted soon. I will not be longing oil until we see a large dip and clear rejections of 70.70.
OIL should be bullish into Q1 and Q2 with the rise of inflation...get ready.
USOIL LONGS 📉📉📉Expect bullish price action on USOIL as price takes out liquidity on the retail trendline, rejected a nice M15 bullish orderblock. Price is in a bullish market strucutre and should rise because of the risk off market environment + bearish gap that should be filled on usoil, lets go for 3R.
What do you think ? Comment below..