USOIL looks like it wants to pull a minor trend change here. Perhaps turn into a $50-$58 trading range for a month or two. The chart is pretty self-explanatory. Looking forward to see how this plays out.
Note
Limit buy order 1/2 position @ 5155, a 70 tick stop @ 5085Trade active
Long @ 5201, a tick stop @ 5131 and 1R-5R targetsTrade closed manually
Exit @ cost. A better entry should follow.Trade active
Long @ 5183, a 70 tick stop @ 5113 and 1R-3R targetsTrade closed: stop reached
-1RNote
Limit buy @ 5067, stop @ 4997Trade active
Limit buy order filledNote
Limit sell 1/2 position @ 5137, the remaining 1/2 will be working the same stopTrade closed: target reached
1/2 position sold @ 5137 with 1R return, remaining half working with the same stop. A risk free trade from here.Note
Limit sell @ 5277, a 3R target on the remaining 1/2 positionTrade closed: target reached
Limit sell @ 5277 filled and 3R return on this remaining 1/2, a return of 2R on the full position.
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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.