USOIL (WTI Crude Oil) SHOST SETUP IDEA
Entry: $50.94
Stop Loss: $51.82
TP & RR: $48.39 (2.9)
REASONS FOR THE TRADE
So far Oil has respected the channel fairly well and I am expecting at least some pullback (best case scenario reaching the lower trendline).
The Stop Loss is set at a good distance, so generally speaking, a small fakeout shouldn't trigger it. Breaking above that channel, however, would invalidate the setup and I would look for a good place to open long. If you are a breakout trader then this would be your opportunity.
My suspicion is further confirmed by the two indicators I am using below, printing a decline in volume and momentum. The effective volume bars give a clearer picture of what's going on in a smaller time frame.
Entry: $50.94
Stop Loss: $51.82
TP & RR: $48.39 (2.9)
REASONS FOR THE TRADE
So far Oil has respected the channel fairly well and I am expecting at least some pullback (best case scenario reaching the lower trendline).
The Stop Loss is set at a good distance, so generally speaking, a small fakeout shouldn't trigger it. Breaking above that channel, however, would invalidate the setup and I would look for a good place to open long. If you are a breakout trader then this would be your opportunity.
My suspicion is further confirmed by the two indicators I am using below, printing a decline in volume and momentum. The effective volume bars give a clearer picture of what's going on in a smaller time frame.
Trade wurde manuell geschlossen
I don't like how this trade is developing. I was expecting a more sudden drop considering the resistance level and exhaustion that were apparent. Also, a new trendline has formed, which may indicate that OIL is not yet ready for a dive.I am manually closing the position and will be looking for a better entry-level if price goes up. I may be wrong, but I just hate to have a profitable position turn into a loser and lowering the SL here doesn't make sense.
Let me know how you are handling this trade in the comment section below. I will continue to update it or alternatively post a new trade.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.