USOIL, Repeated failure to break down & Hold
Guys Back after a decent break, I was active on & Off hence was not posting much around crude.
Here is the trade plan for today:
Yday made a lower low at at 49.30 but managed to pullback overnight and a strong bull candle in asia session.
Trading inside yday VPOC we have a strong chance to hold through with 50.20 areas as a trend decider.
1. Long on hold above 50.50 for test of 51 and 51.30, abv 51.20 run upto 52
2. short below hold of 50.20 for new lows
For new folks- who is seeing my trade plan for the first time - I normally use the concepts of #volumeprofile #priceaction to arrive at a short term tradeable action plan, which can be trade with reasonable expectations and risk management. The idea of posting the plans is to encourage you to build your own plans, assist in decision making and enjoy building a trading process
Here is the trade plan for today:
Yday made a lower low at at 49.30 but managed to pullback overnight and a strong bull candle in asia session.
Trading inside yday VPOC we have a strong chance to hold through with 50.20 areas as a trend decider.
1. Long on hold above 50.50 for test of 51 and 51.30, abv 51.20 run upto 52
2. short below hold of 50.20 for new lows
For new folks- who is seeing my trade plan for the first time - I normally use the concepts of #volumeprofile #priceaction to arrive at a short term tradeable action plan, which can be trade with reasonable expectations and risk management. The idea of posting the plans is to encourage you to build your own plans, assist in decision making and enjoy building a trading process
Trade closed: target reached:
51.30 done, if fails to hold here best to book below 51 areas. Hold above the 51.30 region we are then looking for a larger bullish thesis