USOIL : SIMILAR PATTERNS FOR THE DOWNTREND?
Hi traders!
I rarely touch USOIL because of the nature of how it trades. In this pair, I'm usually very patient to see confirmed patterns on the daily or weekly timeframe to confirm my analysis. I think that's what I'm seeing now. USDCAD kinds of confirm it also. RSI couldn't be happier to prove us right.
USOIL SHORT
ENTRY : 49.145
SL : 49.94
TP : 47.25 & 46.28
Trade safe!
I rarely touch USOIL because of the nature of how it trades. In this pair, I'm usually very patient to see confirmed patterns on the daily or weekly timeframe to confirm my analysis. I think that's what I'm seeing now. USDCAD kinds of confirm it also. RSI couldn't be happier to prove us right.
USOIL SHORT
ENTRY : 49.145
SL : 49.94
TP : 47.25 & 46.28
Trade safe!
Trade active
ENTRY @ 49.145Let's see now what the PA does and tell us!
Note
Wow the price nearly touched our SL @ 49.94 (missed it by one cent!!)Now we are in profit!
Note
gyazo.com/fbf442d09e47f03d140cf6c284e97506USOIL trading in a tight range!
Trade closed: stop reached
We got caught in that last wick before the drop. Analysis was good, entry wasn't. Will take that in account next time around!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.