I entered my 3rd trade on USOIL this morning, on a pullback in a possible overall downtrend
My reason for entry was a new "stair" in the uptrend and presented a beautiful entry.
Entry: 46.86
My take profit is set to high of the previous range and under 61.80% retracement
TP 48.00
My Stop loss was 50 pips. That gives it room to move around without this trade being wrong. It's also a good rule to keep your stop loss as closely as possible but far enough for it move around before going in the desired direction. I set my stop losses around 50 pips and previous S/R levels
SL 46.36
Overall the price could be in a descending channel but there is nothing back it up on the lows. The buyers keep pushing the price up. The momentum is starting to slow down a bit, we are starting to see stronger holdups before pushing higher and even small pullbacks. The sellers are starting to show some presence.
My reason for entry was a new "stair" in the uptrend and presented a beautiful entry.
Entry: 46.86
My take profit is set to high of the previous range and under 61.80% retracement
TP 48.00
My Stop loss was 50 pips. That gives it room to move around without this trade being wrong. It's also a good rule to keep your stop loss as closely as possible but far enough for it move around before going in the desired direction. I set my stop losses around 50 pips and previous S/R levels
SL 46.36
Overall the price could be in a descending channel but there is nothing back it up on the lows. The buyers keep pushing the price up. The momentum is starting to slow down a bit, we are starting to see stronger holdups before pushing higher and even small pullbacks. The sellers are starting to show some presence.
Dagangan ditutup: hentian tercapai
Hit my break even. Let's go on to the next trade
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.