Oil Short Setup
🔵 Entry: $64.49
🟢 TP & RR: $61.02
⛔ Stop Loss: $66.14
Trade Reasons:
✔️ 1.618 Fib Level Extension
✔️ Expecting the formation of higher high price with lower high on the Market Flow indicator (divergence)
📝 This trade will probably take a while to form and will require monitoring of the entry level, to assess the situation.
Hi mates, i posting another of my todays trades. Its based od triple top on in my another idea posted few days ago. Its in realated.
here is data for my swingtrade:
------------------------Trade setup ---------------------------
Entry: 9.98
Stop Loss: 9,82
Profit target: 10,62
Time stop: 3...
Oil Short Setup
🔵 Entry: $58.51
🟢 TP & RR: $53.68 (4.24)
⛔ Stop Loss: $59.65
REASONS FOR THE TRADE
✔️ Reached upper trendline
✔️ Seems like we are going to form a lower low
✔️ Divergence in the Market Flow indicator
📝 This is continuation of the short setup I posted a few days ago (1). If you are in a trade already this additional short (2) will increase...
Oil Short Setup
🔵 Entry: $58.73
🟢 TP & RR: $53.73 (2.91)
⛔ Stop Loss: $60.45
REASONS FOR THE TRADE
✔️ Reaching a strong resistance level
✔️ Market Flow Indicator seriously overbought
✔️ Ascending channel upper trendline resistance
✔️ 1.618 Fibonacci Level (although not plotted on the chart as it becomes a bit clustered)
📝 Stop Loss is above the $59-$60...
NYMEX:CL1! is trading now in long-term supply area ( resistance). After estabilished triple top price pattern we could see trading NYMEX:CL1! in falling channel.On hourly timeframe its clear downtrend and price forming hanging man pattern.
After breakdown diagonal trendline price is testing it, its perfect setup to short entry.
here is data for my...
daily three key reversal bars dictating downside side correction. these bars are early indication for trend reversal. use sell limit by 53.30 with 54.30 stop loss. target may set 50.90 & 50.10. take two positions by dividing half risk each, one for first target, second for second take profit.
Oil Lower High - Short Order
Entry: $53.55
TP & RR: $51.05 (2.38)
Stop Loss: $54.60
REASONS FOR THE TRADE
Oil has entered into a bit of a range recently, but the formation of the lower high on Friday makes me think that we are about to see another lower high, which should then form a lower low. This is where we will be looking to take profit. The Stop Loss...
Oil Descending Channel - Short Position
Entry: $53.16
TP & RR: $51.61 (2.77)
Stop Loss: $53.72
REASONS FOR THE TRADE
Similarly to my previous trade idea about SPX500 from today, I am placing an alert at $53 and I will be patiently waiting to see how price action develops. You never know what's been going on in the traders' and investors' heads over the...
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...
Considering it's Friday today, I decided to post a general analysis on Oil as opposed to a specific entry-target-stop loss idea as I usually do. I refrain from keeping positions over the weekend as a lot can happen and I don't want to be overexposed. So, if it's not a setup that I feel very confident about, I rarely open trades on Friday. With that being said,...
Massive SHORT!
T-Bills alone *** will *** outperform the SP500 by an annual +4.5%, starting right around here. That's about the size of that much heralded "economic recovery".
