[USOil Long] 4 June, 2021 - Roger V Trading Ideas
US Oil [Buy/ Long]
Roger V Trading Ideas - after breaking out of the double top "M", another one sided direction has started with oil, hence as per my perspective. Unless, the worst case will be dropping below the red line I have drawn on the graph, if not then it will be a one sided long position direction for a while.
Currently, I do not see a best entering position or an end of long position as per trading idea written today on the long time frame period.
However, for Oil traders - if to trade from today. If really want to give a shot, it is always good to test the market out at the support/ resistance level for a better risk ratio award on the win or lose.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Roger V Trading Ideas - after breaking out of the double top "M", another one sided direction has started with oil, hence as per my perspective. Unless, the worst case will be dropping below the red line I have drawn on the graph, if not then it will be a one sided long position direction for a while.
Currently, I do not see a best entering position or an end of long position as per trading idea written today on the long time frame period.
However, for Oil traders - if to trade from today. If really want to give a shot, it is always good to test the market out at the support/ resistance level for a better risk ratio award on the win or lose.
--------------------
(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
--------------------
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
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