CRUDE OIL H4 Chart

Crude Oil Trade Idea October 10 th

We have published our Crude Oil Technical Analysis 30 minutes ago.

On H4 Chart we can see the price is testing Tenkansen and MA 200 resistance.

On the daily chart, a bullish harmonic swan pattern formation is almost completed.

TRADE 1 : As a mid-long term trade strategy

TRADE: LONG

ENTRY: CURRENT LEVEL 49.70 ( wait for the hourly closings above 49.70 )

STOP LOSS: 47.30

TAKE PROFIT 1: 51.20

TAKE PROFIT 2: 52.10

TAKE PROFIT 3: 53.50

TAKE PROFIT 4: 54.60

TAKE PROFIT 5: 56.40

 

UPDATE: CRUDE OIL REACHED 51.05 AND YOU MAY CLOSE 30% OF YOUR POSITIONS WITH 135 PIPS. MOVE STOP LOSS TO ENTRY.AND  WAIT FOR THE 52.10. 

AND DO NOT FORGET TO USE PULLBACKS AS BUYING OPPORTUNITY.

UPDATE: OCTOBER 25 HITS TP2 WITH 240 PIPS. WAIT FOR THE NEXT TARGET.

UPDATE: OCTOBER 27 HITS TP 3 WITH 390 PIPS.WAIT FOR THE NEXT TARGET

UPDATE: OCTOBER 31ST HITS TP4 WITH 490 PIPS. WAIT FOR THE NEXT TARGET

 

TRADE 2: / Not executed.

ENTRY: 49.10 ( pendıng buy order )

STOP: 47.30

TAKE PROFIT 1: 51.20

TAKE PROFIT 2: 52.10

TAKE PROFIT 3: 53.60

Good Luck

WE HAVE CREATED A TELEGRAM CHANNEL AND YOU CAN JOIN OUR CHANNEL TO GET THE LATEST UPDATES: https://t.me/FxtersTraders

TO GET MORE BENEFITS

SIGN UP PREMIUM PACKAGES

OUR

JOIN OUR DAY TRADING TELEGRAM CHANNEL BY DONATING 25.- USD ( MONTHLY ). DONATE AND SEND US AN EMAIL YOU WILL BE ADDED TO CHANNEL. AND YOU WILL BE ADDED TO OUR BILLION DOLLARS PROJECT AS WELL.

DONATE & JOIN 

Warning: All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases.

If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.

WARNING ABOUT TRADE IDEAS

  1. We enter trades on different pairs and we look for other trade opportunities. So we recommend you to enter trades with the smaller size.
  2. Do not exceed 10% margin.
  3. Stop Loss and Take Profit Levels are +/- 15 pips minimum.
  4. If we do not publish an update close the 40% of your position on the TP1 level and move your stop loss to entry level.
  5. Some trades ( especially with 300-500 pips profit target) can take 5-6 days to hit the targets. If you do not have patience, do not enter the trade.
  6. Our aim is to close each with week 2500-3000 pips profit minimum.
  7. If we mention as “pullbacks are buying/selling “ opportunities and we publish pullback levels, you do not need to wait for a signal from us. Use these opportunities at the mentioned levels.
  8. All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases. If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.

 

Follow us to get the latest updates
 
 
Summary

LEAVE A REPLY

Please enter your comment!
Please enter your name here