USOIL WaterFall Trade Setup
This Setup once triggered Can induce Falling Knife effect.
Rationale is Price respecting TS. GAP between TS and KS is huge.
Sell will be Tiggered once Candle Closes below this Red Dotted Line and Its low is breached.
Initial TP would be H4 KS (Current TF). Target would look Small but when Trading Multi Lots like 10 Mini then Good to Book 3 Mini Here (For MCX Trader's Trading based on this Setup)
Next Targets are TS,KS, or Structure Supp on Next Higher TF. In this case Next HTF would be H8 or Daily. I am Taking Daily since i dont have PRO capability on TV.
Stop will be Candle Close above recent Highest High and Wait for Candle to Breach its High.
Rationale is Price respecting TS. GAP between TS and KS is huge.
Sell will be Tiggered once Candle Closes below this Red Dotted Line and Its low is breached.
Initial TP would be H4 KS (Current TF). Target would look Small but when Trading Multi Lots like 10 Mini then Good to Book 3 Mini Here (For MCX Trader's Trading based on this Setup)
Next Targets are TS,KS, or Structure Supp on Next Higher TF. In this case Next HTF would be H8 or Daily. I am Taking Daily since i dont have PRO capability on TV.
Stop will be Candle Close above recent Highest High and Wait for Candle to Breach its High.
NEW SELL SETUP FORMING