Technician
Long

Oil: Long, looking for a deeper correction

FX:USOIL   Crude Oil (WTI)
2776 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 http://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

Latest trading ideas: https://www.youtube.com/channel/UC02s7uiUQl55HkhHZDM6eUw/videos

Free Telegram Channel: https://t.me/technician_forex_trades

Trading Signals Redefined: https://thefxchannel.com
It look like I'm the last bear left :D
Reply
Update: closed position at 75.20. Profit(pips)= - 95
+1 Reply
LastBattle PRO Technician
I got stopped at break even :(
Was 56 pips in the positive side.
Reply
Technician TOP LastBattle
Yeah, bullshit buddy, some rumors about not action in the opec meeting. I bet its all bullshit.
+2 Reply
Technician TOP Technician
Lost some good money in this one
+2 Reply
dp Technician
Why is it BS? Isn't simple argument that Vlad wont be left alone is good enough? :D
Reply
Hi technician, which broker is best for WTI oil trade
Reply
I would expect this downtrend to continue. No enough confirmation for longs. Might be lucky tho...
Reply
thanks technician for this post
Reply
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
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out