TheDayTrdr

TheDayTrdr

Oil has been consolidating for a while now, my view is for it to push down and tag us into our potential trade then anticipate a push towards our TP zone. This might take sometime but it is a good risk to reward return. Key zones are marked out in yellow which might serve as TP zones or entry zones on a break and retest.

TheDayTrdr

After a week of a good drop to areas of support, my view is to see price cover the imbalance in the coming week. Good risk to reward ratio, TP can be taken after every $10 push, trail your trade or move SL to BE and see where the trade goes.

TheDayTrdr

This is a scalp idea with a tight SL, when the TP hits I will be waiting to see the direction the market will push. If a 4H candle closes above 42200, I will be looking for a decent support before going long. Use caution because of the US elections.