Oil is trending up.
It is close to the extreme low of the ED channel.
I see a potential HNS completing in H1.
This will be the levels I am watching.
SL: 49.60 (75)
TP: 52.40 (205)
Again, I hope to see some reaction at my entry zone before I enter.
Do not use limit orders.
The 2 more common reactions that trigger me to enter the trade is
1. Pin/hammer pattern at levels
2. A break below that level and an immediate regret moving back up above it, usually within 2-4 candles.
That's it for USOIL guys.
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Stop loss survived the spike down last night.
Hope this works out well! :)
Taking a loss on this trade.
Traded according to my plan, on to the next one.