Intraday Price Action Trading Setup on Oil | Nov. 16th

intraday price action trading nov 16th

Hello Traders,

Just wanted to share a brief intraday price action setup I took the other day on Oil.

Looking at the chart below, you can see the green arrows where the entry and exits are. ¬†Now the price jumped up really quickly on news the Hamas/Israel conflict escalated with the killing of the Hamas Chief of Staff.¬† ¬†Unfortunately, I didn’t have time to catch the news and adjust my target higher, but my target was achieved nonetheless.

I would like to point out how after my entry, you could see the back to back pin bar rejections at D, followed by a doji, which was happening above the prior flag pattern that led to a pin bar reversal at …

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