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
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
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
Comment:
Trade closed: stop reached:
33.70 HIT, FOLLOW THE PLAN. EXIT TRADE FIRST.
Comment:
34.70 HIT
exit first
exit first