Here is my SELL setup of the USOIL.
The grey box is where I want to sell. I will be studying price action in that area from the current bearish candle and take a trade with confirmation.
There are 3 areas I would like to take my profits and they are labelled 'Take Profit 1, 2 & 3.
If the price reaches Take Profit 1, I will lock in profits 1/3 profits and move my Stop Loss to Break Even.
I will continue to monitor price action till we get to the TP3 or price stop me out.
Enjoy.
The grey box is where I want to sell. I will be studying price action in that area from the current bearish candle and take a trade with confirmation.
There are 3 areas I would like to take my profits and they are labelled 'Take Profit 1, 2 & 3.
If the price reaches Take Profit 1, I will lock in profits 1/3 profits and move my Stop Loss to Break Even.
I will continue to monitor price action till we get to the TP3 or price stop me out.
Enjoy.