USOIL - Inverted HNS pattern at channel extreme

TVC:USOIL   CFDs on WTI Crude Oil
Hey guys, I seldom trade oil             , but I do see a good setup coming up on it.

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.

EP: 50.35
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 candlestick pattern at support/resistance 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.
Comment: Hey guys, for those of you who are interested how I trade, I prepared a report on how I will trade in Week 42.

Download report by clicking link below, no signups/login required.

Trade active: Got in at $50.40 last night.

Stop loss survived the spike down last night.

Hope this works out well! :)
Trade closed: stop reached: Trade hit my SL at 49.60.

Taking a loss on this trade.

Traded according to my plan, on to the next one.
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