USOIL trade (see below for more details: lower timeframe)

17 thg 11, 2022

Market manipulated first,
then did go impulsively lower,
visited premium area, with an impulsive move back downwards,
nicely filled IPA on the 1m.
Entered on a 1m bearish order block.


COURSE: SL HIT

possibly looking for a re-entry.

RE-ENTRY: TP at 82.65.

17 thg 11, 2022

Ghi chú

correction: it should be a red rectangle, because it is premium area and not discount.

17 thg 11, 2022

Ghi chú

To clear things up: after a "wick-touch" on equilibrium, market reacted with bearishness, came one more time up into premium area, respecting this area and then selling off, also forming a bearish order block. This was reason enough for me to re-enter. I am aware that this trade on price action on a very low time frame, and that a lot of risk is involved. That's why I only took half of a percentage of risk.

17 thg 11, 2022

Ghi chú

SL of new trade also hit. Will stay away from the oil chart. Price is choppy

17 thg 11, 2022

Đóng lệnh: đạt mục tiêu

After the market just went a little higher than my SL, market took off and hit my TP within 15m… Still glad that analysis was correctly done.