Key moment for crude ? new high highs or stuck in the range
Hi Guys,
recently been busy with work and other commitments so hardly been focussing on trades but a friend has asked me to get back into it so here we are …
As you can see crude is in a down trend in the bigger picture, but on a pullback of an uptrend, which is trading in the range, I have plotted a bullish sign (green) and a bearish sign (red),
a key area to start with would be the dashed black line/grey box. once price enters this area, I would wait for a entry signal and place a trade.
if a break out occurs I would wait for a retest of the grey box/black line for it to continue to be bullish,
If there is no break out of the grey box, I am going to place a trade on the short to the bottom dashed line, and the wait for a break out and a retest of the bottom dashed line,
** This is not financial advice this is for educational purpose, all feedback is welcomed - this is my opinion **
Trade safe
L
recently been busy with work and other commitments so hardly been focussing on trades but a friend has asked me to get back into it so here we are …
As you can see crude is in a down trend in the bigger picture, but on a pullback of an uptrend, which is trading in the range, I have plotted a bullish sign (green) and a bearish sign (red),
a key area to start with would be the dashed black line/grey box. once price enters this area, I would wait for a entry signal and place a trade.
if a break out occurs I would wait for a retest of the grey box/black line for it to continue to be bullish,
If there is no break out of the grey box, I am going to place a trade on the short to the bottom dashed line, and the wait for a break out and a retest of the bottom dashed line,
** This is not financial advice this is for educational purpose, all feedback is welcomed - this is my opinion **
Trade safe
L
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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.
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.