High Probability Intraday Trade Setup for Crude Oil Future
Updated
he following are trades setup ideas in 15 mins chart for Crude Oil Futures .
There are 2 distinctive dotted lines labelled as
1. AI's Intraday Resistance line
2. AI's Intraday Support line
Range Play
If price action was above the AI Intraday support line, the idea is to Long and take profit at Pivot Point or AI Intraday Resistance line region.
OR
Momentum Play
If price action was below the AI Intraday support line AND price closed below Pivot Point S1 line, the idea is to short and take profit at Pivot Point S3 price region. Traders may choose to take partial profit at Pivot Point S2 region too depending on his/her position sizing to lock profits and to maintain an existing open position as risk-free.
Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow.
While it is optional, it is a good practice, in general, to trade this product during the US Future Market Session when there are higher volume and liquidity.
There are 2 distinctive dotted lines labelled as
1. AI's Intraday Resistance line
2. AI's Intraday Support line
Range Play
If price action was above the AI Intraday support line, the idea is to Long and take profit at Pivot Point or AI Intraday Resistance line region.
OR
Momentum Play
If price action was below the AI Intraday support line AND price closed below Pivot Point S1 line, the idea is to short and take profit at Pivot Point S3 price region. Traders may choose to take partial profit at Pivot Point S2 region too depending on his/her position sizing to lock profits and to maintain an existing open position as risk-free.
Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow.
While it is optional, it is a good practice, in general, to trade this product during the US Future Market Session when there are higher volume and liquidity.
Trade closed manually
Took early profits as bull seem to close momentum
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.