Oil Trading Price Action Setups in Oil
Oil Price action oil strategy is the use of only crude crude oil price charts to trade Oil, without the use of oil technical chart indicators.
When trading with this crude crude oil price action trading method, oil candlestick charts are used. This crude crude oil price action trading strategy uses lines & pre-determined crude crude oil price action patterns such as the 1-2-3 crude crude oil price action pattern that either develops one crude crude oil price action pattern or series of crude crude oil price action trade setups.
Traders use this crude crude oil price action trading setup strategy because this crude crude oil price action analysis is very objective & allows a oil trader to analyze crude oil market price moves based on what they see on crude crude oil price charts & market movement analysis alone.
Oil Price action oil strategy is used by many oil traders: even those that use technical indicators also integrate some form of crude crude oil price action strategy in their overall crude oil trading strategy.
The best use of this crude crude oil price action technique is achieved when signals generated are combined with oil line studies so as to provide extra confirmation. These oil line studies include oil trend lines, Fibonacci retracement, support and resistance levels.
Crude Oil Price Action 1-2-3 Breakout Pattern
This crude crude oil price action oil strategy uses three chart points to determine the break-out direction of a crude crude oil price action.
The 1-2-3 crude crude oil price action trading technique uses a peak & a trough, these points forms point 1 and point 2, if market crude crude oil price moves above the peak the crude crude oil price action signal is long, if crude crude oil price action moves below the trough the crude crude oil price action trading signal is to short. The crude crude oil price action break-out of point 1 or point 2 forms the third point.
What is Oil Trading Price Action Oil Strategy? - Oil Trading Price Action Setups in Crude Oil Trading
Series of Oil price action break-outs
What is Oil Trading Price Action 1-2-3 Oil Strategy? - 1-2-3 Oil Trading Price Action Patterns in Crude Oil Trading
