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
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Typo Error, SL is 34.50 not 32.50
Trade active
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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
Comment
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Trade closed: stop reached
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33.70 HIT, FOLLOW THE PLAN. EXIT TRADE FIRST.
Comment
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34.70 HIT exit first
Comments
tiger_rag
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in triangle break down through? seriously?
michael231
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bullshit!
ManuFx
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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 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!
antoineppedd
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What happens now ? Do you think it is gonna come back down or go straight up?
FawadJawed
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It seems USOIL has started uptrend.. Trend Line Broken !!
tntsunrise
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YES. IF TODAY CLOSE ABOVE 34.60
FawadJawed
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Yes it looks like it will be closing above that level.. although Crude oil inventories data was bearish for it !
tbuckle
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could be a false break out to end uptrend, lure in the bulls.
tbuckle
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could be a false break out to end uptrend, lure in the bulls....for oil
FawadJawed
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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