USOIL - Inverted HNS pattern at channel extreme

4 months ago
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.
4 months ago
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.

4 months ago
Trade active: Got in at $50.40 last night.

Stop loss survived the spike down last night.

Hope this works out well! :)
4 months ago
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.
Harmonic trader based in Singapore. Learned directly under the great Scott Carney. For FREE live trading webinars, trading resources and market analysis, please do visit my website at Harmonicforex.com
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