4 Hr Cypher set up on $OIL $CL_F $USOIL $USO
Wait for price action at 786 Fib level for long entry. Pin Bar, IB, Engulfing Bar, or low tf harmonic .
Full plan in chart, 2 % max risk on play, Suggest 1% <
Stop below X needs room 66.75$ or so.
I will share entry if triggered, I will leave an overnight limit as well if it does not trade, (smaller size on limit)
Tp stop is to entry, Aim higher, leave a runner, always.
The plan never changes, just the trading vehicle.. GL guys :)
Full plan in chart, 2 % max risk on play, Suggest 1% <
Stop below X needs room 66.75$ or so.
I will share entry if triggered, I will leave an overnight limit as well if it does not trade, (smaller size on limit)
Tp stop is to entry, Aim higher, leave a runner, always.
The plan never changes, just the trading vehicle.. GL guys :)
Comment:
needs strong candle through 69$, Rig count data now
Comment:
4 hr pin bar @ trigger
Comment:
low tf needs to break this pattern, if not lower can trade
Comment:
1hr
Comment:
Adjusted Tp's anchored to low, can use either for stop adjustment and profit taking.
Comment:
Trade closed: stop reached:
Break even stop on balance