Technician
Long

Oil: Long, looking for a deeper correction

FX:USOIL   Crude Oil (WTI)
2772 18 15
closed this position at 75.20. Profit(pips)= - 95
========================================================
I am long oil             from current levels, as price is retesting the near term broken resistance, which might turn to a support now, in addition to the broken falling trend line. Settling back below 75.80 may weaken this setup.

Best of luck. Join me at https://twitter.com/thefxchannel
Also at my Facebook             page www.thefxchannel.com
My best regards,
Technician

==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
If you dont want to miss any trade and see all the trades live, fully transparent. No bullshit like some others. Join my FREE channel here https://telegram.me/technician_forex_trades

Related Ideas

thedrrew PRO
2 years ago
Thanks Technician! I'm in.
+1 Reply
LastBattle
2 years ago
I'm in too!

Thanks herder :D sheep here... baaaa
+1 Reply
Technician TOP LastBattle
2 years ago
lol :) .. hope this goes as expected
+2 Reply
elcololp Technician
2 years ago
Dollar Index is near resistance?
Reply
caputo.philip
2 years ago
May be too soon to tell, but I am watching it for the rebound back up.
Reply
Malik1978
2 years ago
thank you technician, im in too. Best of Luck to All.
Reply
Technician TOP Malik1978
2 years ago
Good luck to us :D
Reply
alex.a
2 years ago
oil goes up, then CAD, RUS becomes stronger? http://www.bloomberg.com/visual-data/best-and-worst//biggest-oil-producers-countries
So, RUS, CAD, Mexico, Norway, Britain to be looked at ~ as stronger ~
Reply
2use alex.a
2 years ago
Well RUS has been so down, it should correct a bit
Reply
thanks technician for this post
Reply
HumbleTraders
2 years ago
I would expect this downtrend to continue. No enough confirmation for longs. Might be lucky tho...
Reply
bharatest
2 years ago
Hi technician, which broker is best for WTI oil trade
Reply
Update: closed position at 75.20. Profit(pips)= - 95
+1 Reply
LastBattle Technician
2 years ago
I got stopped at break even :(
Was 56 pips in the positive side.
Reply
Technician TOP LastBattle
2 years ago
Yeah, bullshit buddy, some rumors about not action in the opec meeting. I bet its all bullshit.
+2 Reply
Technician TOP Technician
2 years ago
Lost some good money in this one
+2 Reply
dp Technician
2 years ago
Why is it BS? Isn't simple argument that Vlad wont be left alone is good enough? :D
Reply
dp
2 years ago
It look like I'm the last bear left :D
Reply
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