Oil - Potential long with inverse and shoulders

15 thg 8

Watching Oil for a potential long entry. There appears to be an inverse head and shoulders forming on the 4-hour chart.

If the 4-hour candle closes within the expected range and 3 of my other variables are met, I’ll consider entering a long position.

Trade Details:
📊 Risk/Reward: 3.8
🎯 Entry: 62.658
🛑 Stop Loss: 61.941
💰 Take Profit 1 (50%): 65
💰 Take Profit 2 (50%): 66.08

#GTradingMethod Tip: Predefine and accept your risk before entering a trade.

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Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.

15 thg 8

Giao dịch đang hoạt động

Trade opened at 62.55.
Following the GTradingMethod, I opened the trade immediately after the 4 hourly candle close din the range.

Like all us traders, I am hoping to see a MASSIVE push upwards now.

Would be great if I don't have to hold the full trade over the weekend and I can take some profits off the table.

18 thg 8

Đóng lệnh: dừng lỗ

Unfortunately the market gapped down at the open this morning.
SL got hit and I am out the trade.

Looking like oil is forming a double bottom on the 4 hourly.

Time to reset, look for another setup and follow all my rules.

It is a game of probability.