USOIL | 2 Short scenarios | 15min Tales | Chapter 2

Be aware this trading scenarios are based on the 15min chart.

TLA1 is based on a recent Swinghigh that served as a strong resistance level.


1. Short (Orange arrow)

Requirements:
- Price falls below TLA1
- Price moves to S/R Level 1 or falls even deeper
- Short opened on retest of TLA1

Target: Recent Swinglow aswell the next Support level (on that timeframe)
S-L: See chart - i dont want to see a candle open/close above it



2. Short (Red arrow)

Requirements:
- Price goes below TLA1
- Price falls atleast to S/R Level 2 or lower
- Enter short on retest of TLA1

Target: HTF Support level and first stop of the recent downtrend
S-L: See chart - i dont want to see a candle open/close above it



Good luck

Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)

Trade active

Comment:

Comment:

As price didnt show a open/close of a candle under S/R Level 2 i currently only consider the orange arrow scenario

Comment:

If price should breaks fast and stronly the target area i might consider closing the trade at the red arrow target

Trade closed: target reached:

Liked this one. Decided to stick to the plan and leave the original target which was just hit.
(+1.92%)