USOIL Trade Log

20 Jan

USOIL Short Trade Setup 🚨

- Instrument: West Texas Oil (USOIL)
- Timeframe: 1-Hour
- Risk: Between 1% and 2%
- Risk-Reward Ratio: 1:2 minimum

Key Technical Analysis:
1. Price has formed a clear reversal structure accompanied by a rejection off the monthly Kijun level.
2. A 1-hour Fair Value Gap (FVG) provides a potential entry point with a confluence of the Kijun 1H level.
3. The setup is in alignment with a broader bearish sentiment due to macroeconomic influences.

Fundamental Confluence:
- Recent announcements signal a ceasefire in the Middle East, reducing geopolitical oil supply risks.
- Trump's statement regarding plans to increase oil drilling has heightened expectations of increased supply, potentially pressuring prices downward.

Trade Plan:
- Entry: Within the 1H FVG zone upon bearish confirmation.
- Stop Loss: Above the 1H FVG's upper boundary.
- Take Profit: At least twice the stop-loss distance for a 1:2 RRR.

Risk Management:
Ensure strict adherence to the 1%-2% risk allocation. Always consider market volatility before executing trades.

This setup offers a balanced technical and fundamental perspective. Keep in mind, the market can always surprise you. Stay disciplined!

22 Jan

Nota

Re entering!