USOIL is consolidating since almost 2015, now we are at the next Key LVL of the consolidation extremes, which will bring price down back to 52,45$
TA shows that Downtrend is already confirmed and we do not break the high of 85,39 anymore.
I´ll short every spike above 81,34$ / Risking 85,40$ / Targeting 52,45$
Aiming for a 1 : 7,14 R to R or better.
When we hit our Target 52,45$, there are 2 possibilities what price could do. We can drop below 0$ or price will come back to break 85,40$ High.
Since i dont think its prossible to drop below 0$ again (bc of new SEC rules etc.) You can start a risk free Hedge from 52,45$ Adding more longs until 0$ hits. If 0$ hits the Hedge is stopped out but your still in Profits bc of the Short Trade.
If the Long Hedge works you already logged in some short Profits and now catch that Breakout from a Consolidation since over 7 years (Could make a big move). In this case we put our short trade stops to BE.
TA shows that Downtrend is already confirmed and we do not break the high of 85,39 anymore.
I´ll short every spike above 81,34$ / Risking 85,40$ / Targeting 52,45$
Aiming for a 1 : 7,14 R to R or better.
When we hit our Target 52,45$, there are 2 possibilities what price could do. We can drop below 0$ or price will come back to break 85,40$ High.
Since i dont think its prossible to drop below 0$ again (bc of new SEC rules etc.) You can start a risk free Hedge from 52,45$ Adding more longs until 0$ hits. If 0$ hits the Hedge is stopped out but your still in Profits bc of the Short Trade.
If the Long Hedge works you already logged in some short Profits and now catch that Breakout from a Consolidation since over 7 years (Could make a big move). In this case we put our short trade stops to BE.