USOIL - Sell on rally
Updated
Still looking to sell USOIL on rallies.
I'm out of the previous trade.
Waiting for USOIL to have corrective rally up to 53.75/54.50 and start adding shorts in that area.
If it breaks UP through the trendline, I will close the short trade (in a little loss). But please follow this idea if you are going to take this trade, I will update if i enter the trade or not, or if I have better idea.
Ideal scenario:
Sell at 54, take profit around 50.00 /51.00.
I'm out of the previous trade.
Waiting for USOIL to have corrective rally up to 53.75/54.50 and start adding shorts in that area.
If it breaks UP through the trendline, I will close the short trade (in a little loss). But please follow this idea if you are going to take this trade, I will update if i enter the trade or not, or if I have better idea.
Ideal scenario:
Sell at 54, take profit around 50.00 /51.00.
Trade active
I hope some of you got into this trade. It briefly touched 54. I forgot to put an order but got into trade at 53.50hoping for bounce up back to 54/54.50 so i can add more shorts.
Note
Everyone on tradingview is LONG on Oil...but i will follow my strategy. Looking to take profit around 50/51.
Possibly Oil will go lower
Trade closed manually
made some profitsbut i'm out now. Oil might reverse this week (and go up)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.