USOIL LEVELSFurther to my analysis these are the levels I will use to scalp oil...Follow the signature at the bottom of this post
Usoillong
US OIL MARKET BREAKDOWN OIL MARKET BREAKDOWN;
Happy Weekend traders I have seen quite a few have profited just from following my simple analysis and nothing makes me more happy than profits!
Oil closed extremely bullish and made it's way to a new weekly high closure...Oil had the push up as expected and even a little further, I did have a short set up but this was never taken as I did not have a confirmed closure.
Lets breakdown (technical) as to why oil pushed higher; Oil ranged for the majority of the week with fake outs to both up and down side but we knew it would really break up. This is due two simple reasons...1) Oil is bullish and 2) It closed above major support with bullish candles showing bears were weak. Oil will continue its rally into $90+ which I stated a while ago now. Oil is over extending dramatically and there is a market gap at 80.40 which I believe will get filled before we start pushing $90+, Once we get the gap fill then I will hold a swing long trade.
Many retailers were sucked into to consolidation zone and traded by shorting the top repeatedly only to get rekt by this move...I stated this was a false double top in my group. We were positioned and aware of what was to come.
I will try not to short oil for the time being due to it's bullish run but a sell off or data could cause a large drop in oil which no doubt will fill the gap and come back up...This is the move I will look for.
The arrows have marked at the scenario which I am looking for...these are really what you should focus on...the zones are;)
US OIL MARKET BREAKDOWN OIL has been moving mad the past couple of days and I've been loving it...to an extent.
Oil is prolonging its bullish move and it's becoming over extended so in the near future it will become very choppy and manipulative. OIl has ranged for a few days providing a false sense of security for retail who keep shorting the top. Oil will flash up to grab stop losses and will form it's next move. Oil will either find support and have a large rally or it will reject and plummet to 80.40 to fill the gap before going higher.
I would love to see a large drop in oil so I can position myself for 90$
US OIL MARKET BREAKDOWN I have been holding off from posting as OIL is ranging within itself....
Oil needs to break this range to get the next move...I have mapped what I think might happen next
US OIL UPDATEOil turned bullish and followed the bullish scenario...We took a small loss on this but SL were moved when we had the large dip so it didn't really effect us.
Oil is currently climbing and there is now no real resistance until 83.60-80. There is a market gap at 80.40 so I am reluctant to long at this moment in time in case of a fill of this gap before we move higher.
Currently watching the following...
Should oil dip and fill the gap then I will long to 83.60 but if oil reaches 83.60 first I will short down to the gap. Easy movements to watch and follow
USOIL INTRA-DAY SHORTS 📉📉📉Expecting bearish price action on this pair as price takes out PDH ( previous daily high) where a lot of liquidity is located from yesterday trading day, if price rejects with a M30 bearish closure then we go lower.
Perfect targest into PDL
What do you think ? Comment below..
usoil RESULT ...station number 1 station number 1 IS DONE ✅
It all about experiences
congratualtions to all
USOIL signal i recommend buy USOIL at this levels as you can see
we have main trend is up also a best signals in belkhayate cycle + belkhayate trend + break a nice down trendline + now we have a new up trendline
enjoy
US OIL MARKET BREAKDOWN USOIL:
As stated in the last breakdown oil should open and push back towards that 79.60 (I still feel we may hit this as the US session is still yet to open). There isn't much new to be added and my bias still stay's the same as last break down providing the technical are followed. (GO READ IT). I have taken two nice scalps this morning for some quick profit whilst I wait for the primary move to come through and I think it will play out as either two ways...
1) Spike to 79.60/80 upon US session opening and should we find major resistance then we will fall off quickly to the two marked zones, these will be my short targets.
2) Spike to 79.60/80 break through find support and continue the bullish trend.
I favour one but I am yet to enter short.
US OIL LONGOil has consolidated for the first week in the new year and we are starting to see that push higher which was our favoured scenario. Now we need to wait for oil to finish this bullish push...Due to the large head and shoulders pattern retail will be shorting and shorting and the whales will be pumping for liquidation. I am expecting moves into the the $79-80.30 region which is where I will look to short the corrective move which will come into play.
Any economical events could drop or push oil so I will stay weary...ultimately I will be expecting oil to push 90-100 this year (Q1 and Q1) targets. But I'd like to see a dump first for an accumulative drive up to achieve those targets.
Follow me to stay update and keep your eyes peeled. Feel free to DM to see how I can help you!
Potential Crab Forming 🦀 (Short then Long) USOIL - Daily Crab is still valid price is moving nicely up towards the D point.
However we had a big bullish push on the 27th that sent price into a consolidation leaving a large imbalance before price started to break to the downside again.
We have confirmation for shorts using the LTF BOS etc, once the markets open, I'll wait for price to settle and then I want to see price fill this imbalance and trade from the OB, S/D zone up to towards the weekly highs!
Such a beautiful zone of confluence! A++ trade if price gets there!
Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USOIL LONGS 📉📉📉Expect bullish price action on USOIL as price is rejecting orderblock m15 + imbalance m15/m30, we are in a bullish market strucutre and risk on market sentiment, we have bullish rejection on M15/M30 from this area so this means bulls are in power.
What do you think ? Comment below..
US OILUSOIL...
I still expect a pullback from oil but this consolidation has been extended making a breakout more likely! I favour the upside for a spike to liquidation and sell orders can be met (We closed above major support and the majority of retail are shorting the obvious H and Shoulders. I am not entering this...just for reference.
USOIL MARKET OVERVIEW USOIL
OIL has opened this trading week with a bullish impulse, currently oil is fighting on a bullish zone which requires a lot of drive to break through the zone. With many bank holidays and coming up to the final few trading weeks of the year I see oil pulling back to gather momentum to take it to the next high when the markets get back into the swing of things after the new year. Oil has broken out of a wedge which also needs testing before the next move...I expect dips back towards 70.70 before we see the real move coming.
I currently have a short running and the set up will be posted soon. I will not be longing oil until we see a large dip and clear rejections of 70.70.
OIL should be bullish into Q1 and Q2 with the rise of inflation...get ready.
USOIL LONGS INTO 80 📉📉📉Expect bullish price action on this commodity, price should reach 80$ per baril this year as we are in a huge bullish momentum on h4/d1 + santa claus rally that reflects a risk on market scenario
What do you think ? Comment below..
USOIL LONGS 📉📉📉Expect bullish price action on USOIL as price takes out liquidity on the retail trendline, rejected a nice M15 bullish orderblock. Price is in a bullish market strucutre and should rise because of the risk off market environment + bearish gap that should be filled on usoil, lets go for 3R.
What do you think ? Comment below..
USOIL SHORTS 📉📉📉Expect bearish price action on USOIL as we are in a bearish market structure on a H4 TF price is making lower highs and lower lows, rejecting a bearish breaker and re-testing 69-70 weekly low area.
What do you think ? Comment below..
USOIL LongHey Traders, in tomorrow's trading session we are monitoring USOIL for a buying opportunity around 70.3 zone. USOIL have formed a bullish flag. Once we will receive any bullish confirmation the trade will be executed.
Trade Safe, Joe.
USOIL UPDATE SHORTS 📉📉📉We have strong bearish momentum on USOIL i dont think it is the best moment to close our short entries, we have a risk off market sentiment right now so we should expect bearish price action still...
I moved my stop loss to my entry so i have a risk free trade.
What do you think ?
USOIL (Crude Oil WTI) - Long! 73.45tUSOIL, 15m Buy
Entry - 72.95
Stop Loss - 72.45 (50 pips)
Take Profit - 73.45 (150 pips)
use low risk for this trade!!!!
USOIL SHORTS 📉📉📉Expect bearish price action on this chart as price rejected a bearish orderblock h4 + imbalance bearish fill, bearish market structure on h4 + price takes out liquidity above 72.00. We are going down into value areas 70 and 68
What do you think ? Comment below..
USOIL SHORTS ✅✅✅ Expect the price to drop from this area on a intraday basis, as we took liquidity above 72.000 area and old highs. A lot of bullish imbalances to be filled that were made on FOMC release yesterday.
What are your thoughts ? Comment below..
