Get started

Wticrude

USOIL - Time For Shorts ✅Following on from our last post on USOIL, we mentioned how USDCAD is inverted correlated to USOIL and USDCAD made a particular price action that is being repeated on USOIL. See that post below: We are now approaching the third touch of the channel where we are anticipating a rejection. Trade Idea: - Watch for rejection of the channel - Risk entry on rejection. Safe Entry on break of the ascending red trendline - Stops outside the channel - Targets: 82, 72, actively manage the rest if we break the channel Goodluck and trade safe!
TVC:USOIL
by WicktatorFX
9
The correction I want to see before trading on USOIL This is an update on the post I made last week regarding the correction I want to see before trading (you can see the full post on the "link to related ideas") The concept of the setup is pretty simple. The price has already behaved in similar ways in the current area in the past, and the last thing I need to observe to say "This is ready" is the correction I have defined on this chart. Of course, if this doesn't happen, then I will not be able to trade, and that's the end of the story. However, if the filter happens, I know ill be in front of a high-quality setup. PAST SITUATIONS: The setup is like this . If the expected correction happens, I will set pending orders on a new local high, stop loss below the correction and target on the next weekly resistance level. This setup can take around 150 to 200 days. The risk I will be taking in this situation is 3% of my trading capital. Thanks for reading! Feel free to share your view and charts in the comments.
TVC:USOIL
by ThinkingAntsOk
4
ARIASWAVE - USOIL UPDATE - Complete Analysis for Jan 2022.In this video I breakdown the latest AriasWave interpretation for WTI Crude. -It would appear that there are some big moves ahead as we head into 2022. -This particular Wave D is the most complex Zig-Zag which is the same for the Dow Jones. -We could either be seeing a top forming now for Wave D or it could be happening very soon. -This analysis helps provide a clue as to where we are at in the greater scheme of things. In summary: It appears that we will see another steep decline before we see a larger more impulsive move to the upside. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
TVC:USOILShort
by AriasWave
Triangle on WTI, Short on breakdownTriangle formation on short time frame, look for short entry Key Levels : 81.2 - 81.8 - we might see significant support in this zone Observations : 1 - Trendline support is drawn based on more short term basis and I think is more validated than most I've seen posted here as there has been numerous bounce from it as indicated in the chart 2 - Current formation for a catalyst pattern on breakout is support by trendline parallel to said trendline in point 1 3 - There might be a formation for a ascending triangle / rising wedge / parallel action in the pattern as indicated in the red box Trade plan : 1 - I prefer to look for shorts entry here, but there is a small possibility for prices to return to trend based on a break up on a symmetrical triangle that has formed. But the current formation favors shorts 2 - I will not enter short here because it can form either a ascending triangle which is preferable or a rising wedge and parallel channel which is less desirable as there's more room for prices to increase 3 - Once entered, will target 81.2 - 81.8 for take profit Will update accordingly
NYMEX:CL1!Short
by ng4312
Fibonacci Buy For USOILCapitulation has been the story today, with most asset classes selling off. USOIL hasn’t been spared as WTI futures are deep in the red. Although the long and intermediate-term biases remain bullish for oil, sellers are winning the day. A key 38% Fibonacci retracement level is coming into view on the weekly timeframe: 38% Retracement, $79.59 Here’s a potential buy-side trade idea for this week: Buy USOIL from $79.64 Set stop loss at $79.14 1:1 risk vs reward, profit target @ $80.14 This is a short-term, trend-following recommendation.
TVC:USOILLong
by TheTradingRoom