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PULEMokhothu
Jan 12, 2022 2:27 PM

USOIL 82.01 +0.93% LONG IDEA * CONTINUATION & PRICE ACTION Long

WTI CRUDE OILTVC

Description

HELLO EVERYONE

HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, THE USOIL ENERGY HAS BEEN ON A BULLISH RALLY WITH THE BULLS LETS SEE IF WE CONTINUE WITH THIS RALLY.

* The ENERGY broke above an ascending channel with strong momentum to the upside.
- Short term the pair has currently entered an uptrend on the 4h chart this.
- There is a historic supply zone to look out for on the ENERGY ahead which will serve as the target for this trade should the ENERGY continue upwards.
- Looking for LONG entries on the THE CRUDE this week should all the rules of the formation be met.

******* CRUDE OIL INVENTORIES IS UP IN A FEW HOURS UPON THIS IDEA BEING POSTED, the increase in the oil is actually less than expected which implies greater demand and the energy could react BULLISH.
lets see how it goes


IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE

Trade closed: target reached

Comments
HayeTrading
Very nice analysis, price almost perfectly followed your plan 👍
PULEMokhothu
Thank you @HayeTrading, appreciate it.
ashkanmohajer34
diamond pattern is forming, watch for break out to the downside.
PULEMokhothu
will be on the look out @ashkanmohajer34 appreciate it, if we are in a diamond formation I think its high will hit around 85.00
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