USOIL short term BUY

5 Nis 2021

A nice flat is forming on the 4H time frame and I am taking he completion leg. then observe price action for a sell at the top of the C leg of the flat. Lets see how it plays out.

5 Nis 2021

İşlem aktif

Updating labels...

6 Nis 2021

İşlem aktif

The trade is looking good so far. The impulsive moves are always a pleasure to trade.
I would normally not move my SL to breakeven but the move is significant enough to do just that to be a risk free trade.

Do like the idea if you find it useful. Thanks.

6 Nis 2021

Not

Target price ==> 62.40

7 Nis 2021

İşlem aktif

A deep retrace for the Y leg. A good second opportunity to buy OIL shot term. Look for reversal pattern to buy.

9 Nis 2021

İşlem aktif

My trade is still active. Oil can be very slow to move when it is correcting. PATIENCE is the key.

Do like and comment if you like the idea. Thanks.

14 Nis 2021

İşlem kapandı: hedefe ulaştı

Played out nicely but one thing you must know about oil is that is is usually not fast in movement. So patience is the key. Cheers