microtrends
Long

Oil long if reversal at low holds - possible long headsup

FX:USOIL   CFDs on Crude Oil (WTI)
Oil
35 views
0
35 2
oil
After our short signal on the chart we are not showing signs of slowing and congestion...
and some stats and timing that say at very least scale 1 out... if you are short...

Oil             long Fib Grid -f76% to -88% range 125%+
reversal at low if we break above -f76% on the fib grid 100...
this is a sticking the neck out trade - pre-empting a green candle above the -f76%


If not 99.58 to 90.0 is next support
lets see what happens.. time is also a factor here. The important thing is to be aware of certain patterns that can be profitable - which might just end up in sideways chop here....

ie the bounce of break of a level... note how price does hit theses and bounce or break -quite a lot... and whats more the levels are projected at the start of the session!


Look at why this failed - if you did in deed take the trade - and pre-empt it... instead of staying short or sitting tight... on the sidelines/

#1 Bigger picture
Set the scene for the stage with the bigger picture.. visualize the price cycle, the support and resistance zones ,the longer term and intermediate trend - use simple lines and geometrics to see that...


#2 Trade entry technique, targets and exits

Now intraday try to leverage this for your trading decisions...
Look at why this is easier and worked:



Reply
so that was a fail if you jumped in long - without price action confirmation as we continue downwards with a bear flag kind of pattern to -f100% 99.50 area
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out