USOIL is likely to pullback to around 5220 where continuation sellers are expected to enter the market. As for now, buying any minor pullback to 5085 towards the 5220 area and flipping short around there seems reasonable. Shorter timeframe for trade entries and thorough risk management is of utmost importance. It is better to get out of the market with minimal loss than hold the bag for weeks. This is overly a bearish market and the previous times sellers were too eager to sell and didn't wait for any significant pullback. There's a sense of urgency in the market and people are selling any pullbacks so being careful with longs is a must.
Operación activa
In long @ 5084 stop 5049 & 1R-3R targetsOperación cerrada: objetivo alcanzado
1/2 position closed @ 1R, remaining half open with the same stop. A risk free trade.Operación cerrada: objetivo alcanzado
3R target on the remaining 1/2 position. 2R on the full position.Nota
Lower timeframe look at the same structure Nota
Limit sell order @ 5195, stop @ 5230Nota
USOIL 30M Operación activa
Operación cerrada: objetivo alcanzado
Booked 1/2 position @ 1.1R, the remaining half working with same stop. A risk free trade.Operación cerrada: objetivo alcanzado
Booked the remaining 1/2 with 3R. 2R on the full position.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.