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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