Oil Long Setup (refer to the trade marked with "2")
🔵 Entry: $62.24
🟢 TP & RR: $64.55 (2.69)
⛔ Stop Loss: $61.38
Trade Reasons:
✔️ Support Level
📝 A very basic setup relying on a support bounce. I still believe that we need to reach the 1.618 level before price reverts (the setup posted yesterday and marked with "1"). In the meantime I want to take advantage...
Oil Long Position
🔵 Entry: $62.19
🟢 TP & RR: $63.55 (2.62)
⛔ Stop Loss: $61.67
REASONS FOR THE TRADE
✔️ Resistance flipped to support
✔️ Fairly strong volume upwards
📝 I am expecting price to consolidate around the entry level and then continue trending up. Even if this long fails, I certainly don't feel comfortable shorting the trend on a move upwards (or at...
After a long long wait in wave 4, finally crude oil boost the price to wave 5 just in 2 days !
Congratulation for those PROFIT ! yahhhoo~
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(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
Oil Long Setup
Entry: $53.68
TP & RR: $57.65
Stop Loss: $52.57
REASONS FOR THE TRADE
Contrary to most expectations that Oil was overpriced, it continues to trend up. I won't open a long order at the current level, nor would I short obvious strength. However, if price retraces back to previous resistance, which is now support, I am more than happy to buy. I...
Oil Buy Order
Entry: $52.61
TP & RR: $53.79 (3.37)
Stop Loss: $52.26
REASONS FOR THE TRADE
Price is breaking through the upper trendline and unless this is a fakeout I expect it to continue going up until the recent highest high and maybe up until the dotted resistance around $54-$55. The market Flow indicator is showing momentum up and I hate to open a...
Since the beginning of January there has been a strong bullish momentum, reaching almost a price of 54.00.
Looking at the 1h Chart we can see how a double top has formed and buyers failed to break above previous high. Market is currently in a correction phase, a good buy opportunity can be at the retest of support level: 51.50 otherwise if the price manages to...
Crude Oil (ICE) Brent - "Big-picture" Bullish!
A proportional countertrend retreat should set the stage for the next leg of the advance.
It's way too early to get a read on a potential shape for Supercycle wave (b) , but it should last for years and potentially retrace as much as 90%-105% of the wave (a) decline.
Stay tuned!
