US OIL, Trading Plan.

7. Jan. 2019

US Oil approaching a very important key level $50.046

I wait how price will react on that level that why I have 2 trading scenarios at this moment.
1. Open buy if the price will break up $50.046 and fix above it.
2. Open Sell if the price will make fake broke of $50.046 and close under key level.

Under I will write more about 2 scenarios separately.

7. Jan. 2019

Anmerkung

1st Scenario I will open buy if the price will break up $50.046 and H4 or D1 candle will close above it. That will be a proper signal to open entry with goals $53.80 and $57.20

7. Jan. 2019

Anmerkung

2nd scenario

Open Sell if the price will make a fake broke of $50.046 and H4 or D1 candle will close under key level.

7. Jan. 2019

Anmerkung

Just wait when the price will come to key level

7. Jan. 2019

Anmerkung

8. Jan. 2019

Anmerkung

Oil approaching key level.
I wait for confirmation.

9. Jan. 2019

Anmerkung

Price broke up key level
I set buy limit order

9. Jan. 2019

Trade ist aktiv

9. Jan. 2019

Anmerkung

Price moved up 70 pips.
Close 30% of position.

9. Jan. 2019

Anmerkung

Price moved up 100 pips. You can move S/L into breakeven.
Also, it is better to close 50% of position and hold rest till T/P without any risk.

9. Jan. 2019

Trade geschlossen: Ziel wurde erreicht

Price hit 1st take profit

11. Jan. 2019

Trade geschlossen: Ziel wurde erreicht

2nd T/P hit