USOIL Squezzing (34.25 and Trendline)

FX:USOIL   CFDs on Crude Oil (WTI)
3986 30 65
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
Comment: Typo Error, SL is 34.50 not 32.50
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
Trade closed: stop reached: 33.70 HIT, FOLLOW THE PLAN. EXIT TRADE FIRST.
Comment: 34.70 HIT
exit first
To lean Jack's Full Trading System:
Weechat ID: 32114564
in triangle break down through? seriously?
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 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!
What happens now ? Do you think it is gonna come back down or go straight up?
It seems USOIL has started uptrend.. Trend Line Broken !!

tntsunrise FawadJawed
FawadJawed tntsunrise
Yes it looks like it will be closing above that level.. although Crude oil inventories data was bearish for it !
tbuckle FawadJawed
could be a false break out to end uptrend, lure in the bulls.
tbuckle tntsunrise
could be a false break out to end uptrend, lure in the bulls....for oil
FawadJawed tbuckle
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
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