CRUDE OIL H4 CHART

Crude Oil Trade Idea October 12th

As you know we have entered LONG trade from 49.70 and we have closed some part of our positions.

Crude Oil is being priced at 50.95 currently.

As seen on H4 Chart, 50.70 and 50.50 is a strong resistance for today.

Our Trade Idea is :

TRADE: LONG

ENTRY: CURRENT LEVEL 50.95

STOP: 49.40

TP1: 51.50

TP2: 52.80

UPDATE: HITS TP1. PROFIT SO FAR 55 PIPS. WE KEEP THIS POSITION OPEN.

TRADE 2:

LONG

ENTRY: PENDING BUY ORDER 50.55

STOP: 49.40

TP1: 51.50

TP2: 52.80

UPDATE: HITS TP1. PROFIT SO FAR 95 PIPS. WE CLOSE 50% OF THIS POSITION AN MOVE SL TO ENTRY.

GOOD LUCK

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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 If we do not publish an update close the 40% of your position on the TP1 level and move your stop loss to entry level.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.
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