Master the IBWT pattern

Get it now (risk-free)

8 patterns that make up 98% of my PA income

Get it now (risk-free)

Learn the Scalping Secrets

Get it now (risk-free)

Read on Mobile Enter Reading Mode

Crude Oil Trading Idea

Posted on May 23rd, 2016

by colibritrader

Dear Crude Oil Trading Idea traders

The trading idea from last time is still active. Our stop is staying intact and I am not considering adding or removing from this trade. I am just looking at the price actin that is really hesitant and this could be a good or a bad sign. Anyways, I am not going to do anything with this trade until the market proves me right or wrong.

Today’s trading idea is coming from an unconventional place. I am looking at Crude Oil and its bullishness. Despite the huge jump in recent times, I believe that we have more bullishness to experience in this crude oil trading idea. We are staying just below a strong resistance area around the psychological level of 50.00. That is where I am target, as well. I am seeing two consecutive pin bars in an uptrend market. I will be looking to enter in a long trade at around 48.00. My stop loss would be placed just under 46.60. My initial target is the level of 50.00. Depending on price action around this level, I will be targeting the next level- 55.00.

Happy Trading,

Colibri Trader

(Visited 298 time, 1 visit today)

Leave a Reply Cancel reply

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Colibri Trader Ltd, its employees, directors or fellow members. Futures, FOREX, CFDs, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, FOREX and CFDs markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.