US OIL, Trading Plan.

US Oil approaching a very important key level $50.046

I wait how price will react on that level that why I have 2 trading scenarios at this moment.
1. Open buy if the price will break up $50.046 and fix above it.
2. Open Sell if the price will make fake broke of $50.046 and close under key level.

Under I will write more about 2 scenarios separately.

Comment:

1st Scenario I will open buy if the price will break up $50.046 and H4 or D1 candle will close above it. That will be a proper signal to open entry with goals $53.80 and $57.20

Comment:

2nd scenario

Open Sell if the price will make a fake broke of $50.046 and H4 or D1 candle will close under key level.

Comment:

Just wait when the price will come to key level

Comment:

Comment:

Oil approaching key level.
I wait for confirmation.

Comment:

Price broke up key level
I set buy limit order

Trade active

Comment:

Price moved up 70 pips.
Close 30% of position.

Comment:

Price moved up 100 pips. You can move S/L into breakeven.
Also, it is better to close 50% of position and hold rest till T/P without any risk.

Trade closed: target reached:

Price hit 1st take profit

Trade closed: target reached:

2nd T/P hit