tntsunrise
Short

USOIL Squezzing (34.25 and Trendline)

FX:USOIL   Crude Oil (WTI)
3973 30 65
9 months ago
USOIL             Squezzing
34.25 is the level which
turns from previous support to resistance
Trade Plan 1:
Short usoil             based on the strong resistance
If the trend line is broken, the downside will be very big
SL: 32.50, TP: 28.00

Trade Plan 2:
Buy the break out when you see price
close above 34.25 and buy the pull back
9 months ago
Comment: Typo Error, SL is 34.50 not 32.50
9 months ago
Trade active: Yesterday stopped out at 34.50 due to a spike
Now I decide to re-enter the trade
1H chart keep making lower highs, this shows 34.30 is still a valid resistance
Enter at 34.00, SL: 34.70
9 months ago
Comment:
snapshot
9 months ago
Trade closed: stop reached: 33.70 HIT, FOLLOW THE PLAN. EXIT TRADE FIRST.
9 months ago
Comment: 34.70 HIT
exit first
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FawadJawed
9 months ago
didn't get exactly... is selling now is the plan 1 or wait to brake the trend line and then sell ?
Reply
tntsunrise TOP FawadJawed
9 months ago
that's why I put Plan 2. Sell now, if stopped out, ready to long
Reply
tntsunrise TOP FawadJawed
9 months ago
FIrst Touch the trend line you can Take partial profit, if break , add position
Reply
FawadJawed tntsunrise
9 months ago
Cool.. got it now :-) thanks for the heads up and best of luck :-)
Reply
ccake28
9 months ago
do you also trade for client’s account or only for your own account?
Reply
tntsunrise TOP ccake28
9 months ago
I am in private banking industry, I help them manage their wealth.
Reply
ccake28 tntsunrise
9 months ago
how to contact u? I have account in sg too
Reply
tntsunrise TOP ccake28
9 months ago
weechat ID: 32114564
Reply
ManuFx
9 months ago
we first need a usd cad 1,3360-55 to pull back later 1,36 . and clean stops shorts in OIL 36.-37 Level, then yes agree with you Price will back to 31 . 32 level but we already bottoned OIL in january . perhaps we see pull back usd cad 1,45-46 not more
Reply
tntsunrise TOP ManuFx
9 months ago
USDCAD may go back test 1.40
Reply
ManuFx tntsunrise
9 months ago
yes exactly this is what i say, but first touch down 1,3350 to pull back later 1,40 anyway this pull back please read again to 1,40.. will be just this a temporal pull back because we already top usdcad in 1,46 january and bottoned OIL 30-27$
Reply
ManuFx
9 months ago
wave 5 its done either for usd cad 1.46 and oil 30-27 finito the comedy!
Reply
sititin
9 months ago
are you now on long position?
Reply
BogdanBratu
9 months ago
Must have been really bad luck. Had my SL at 32.50 and it just touched that point and afterwards went down..
Reply
BogdanBratu BogdanBratu
9 months ago
34.50*
Reply
Rayge
9 months ago
maybe not, usoil/usdcad is double bottom
Reply
Rayge Rayge
9 months ago
and likely break out downtrend line
Reply
mika.kopberg
9 months ago
isn´t this an ascending triangle who can break out in a bullish formation?
Reply
jmcmanus0070
9 months ago
Could oil above 35 start one of the biggest short squeezes in recent memory?
Reply
FawadJawed
9 months ago
SL hit again
Reply
FawadJawed
9 months ago
It seems USOIL has started uptrend.. Trend Line Broken !!

snapshot
Reply
tntsunrise TOP FawadJawed
9 months ago
YES. IF TODAY CLOSE ABOVE 34.60
Reply
FawadJawed tntsunrise
9 months ago
Yes it looks like it will be closing above that level.. although Crude oil inventories data was bearish for it !
Reply
tbuckle PRO FawadJawed
9 months ago
could be a false break out to end uptrend, lure in the bulls.
Reply
tbuckle PRO tntsunrise
9 months ago
could be a false break out to end uptrend, lure in the bulls....for oil
Reply
FawadJawed tbuckle
9 months ago
i dont think so as firstly it was consolidating when it broke the previous trend line on shorter time frame and now this one.. but lets see
Reply
antoineppedd
9 months ago
What happens now ? Do you think it is gonna come back down or go straight up?
Reply
ManuFx
9 months ago
you remember me my previous post remember i told you first we touch 1,3360 here we are, now we go up yes to 1,36/1.37. Oil will pull back again to 32 - 31 level,s but on long term its bottomed! this is my verified track record 3 years if someone want more info i,m open to help people as well http://forex-markets.es/cuentareal-master/ sorry my website not in english but i think everyone understand this, 145% NET profit 36% anual return ( anualized ) 3,5 % monthly, 10,7% max draw down, stop out 15% never reach this level, thanks to all great you tntsunrise!
Reply
michael231
9 months ago
bullshit!
Reply
tiger_rag
8 months ago
in triangle break down through? seriously?
Reply
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