Usoilshort
USOIL UPDATE SHORTS 📉📉📉We have strong bearish momentum on USOIL i dont think it is the best moment to close our short entries, we have a risk off market sentiment right now so we should expect bearish price action still...
I moved my stop loss to my entry so i have a risk free trade.
What do you think ?
Potential Shark Forming 🦈🦈USOIL - Potential swing down to the weekly support line covering off all imbalance etc before the bulls continue, (This move will keep price in bullish structure).
I'm seeing a bearish channel forming on the hourly and price location lines up with good confluence for a potential swing down to those levels, we also have multiple BOS.
I do have 2 better entries above the trapped liquidity but I'm not sure if price will break this line yet, if so I'll take the loss and re-enter with confirmation.
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.
USO (US Oil ETF) - Support, Resistance, Trendlines - 2021USO (United States Oil Fund ETF) - 2020 to 2021 - Support, Resistance, Trendlines:
-Resistance Price Levels (colored horizontal lines above current price)
-Support Price Levels (colored horizontal lines below current price)
-Trendline Resistances (diagonal yellow lines above current price)
-Trendline Supports (diagonal yellow lines below current price)
note: chart is on log scale.
USOIL SHORTS 📉📉📉Price is rejecting in this moment an important area of ,, resistance ,, a bearish orderblock on h4 filling in the same area the bearish imbalance that means the price is repriced at this level. We also took out some buy stops above old highs and right now we should go lower after h4 candlestick bearish will be CLOSED. I target bullish imbalances.
What do you think ? Comment below..
Wait for divergence and sell opportunities with USOILH1 time frame.
Structure: Short-term uptrend towards 74.00 price zone.
The 74.00 price zone is the confluence between the Fibo 50 and the downtrend line of the bearish structure on the 4-hour timeframe.
Here, waiting for the divergence signal to appear and the bearish reversal pattern to be completed, a selling opportunity can be found.
The profit target is the 62.00 price zone.
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Wish you all have a good trading day!
Potential Shark Forming 🦈🦈USOIL - Potential Shark Forming, looking for a nice pullback into the daily supply zone, theres some strong liquidity here and some nice imbalances to fill, if price reaches this level It's a very PRZ to look for HTF continuations
Let me know your thoughts!
NOTE: Price has just hit some liquidity so a pullback is likely before the drop, keep lots low, this entry location isn't "Ideal" does have some confluence but its not an A+ entry, so may hit some DD. I have a near perfect entry with a lot more confluence above if price decides to rise a little more we get back in an crush the pips.
** 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.
US oil short position Bears are always welcome in the oil market, we have seen a huge rally for oil in April 2020, some producers have made a big reserve of production.
we always see that the market has always to correct the direction allowing some associated to collect their profits, bulls out bears in. for the next period we find bearish news looming on the horizon,
-Omicron is snappily getting the dominant COVID-19 variant in South Africa lower than four weeks after it was first discovered in the country, with
theU.S. reporting its first case on Wednesday.
-Some had speculated that OPEC+ could pause those additions in an attempt to slow supply growth, now expected to yield a surplus of 3.8 million
BPD by March 2022, according to an internal report seen by Reuters. OPEC+ is likely to make its decision on Thursday.
-The United States, in tandem with several other nations, announced plans in November to release 50 million barrels of its reserves into the market
to try to cool energy prices. Retail gasoline prices have barely changed even as unfinished gasoline futures known as RBOB have dropped sharply.
News resource
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theoilsellers.com
reuters.com
Our position
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Sell position on 63 $-64 $
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73.20 $ -74.40 $ sell limit just in case the price reverses against our position before it continues falling
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Targeting : 55 $-56 $ support area
UUSOIL LONGS LONG-TERM 📉📉📉From a long-term perspective USOIL looks like a good buy from 63-64 area, we have a bullish market structure on a HTF, price just made the retracement back into bullish orderblock d1 an important area of supply for the price in that area closing the bullish imbalance as well, price left a lot of inefficiens in the past that should be closed in the future, price should be magnetize back above 70$, that's my long-term perspective long term meaning 1-2-3weeks.
What do you think ? Comment below..