Back to square one on the crude oil position, currently sitting at breakeven with a combination of a 1% loss, 1.5% win, and a 0.50% loss.
Given that both the intraday crude charts and DXY are finding support at key levels, I see this as a prime opportunity to re-enter the market with a clearer view and a bit better RR. The market seems poised for a potential bounce, and I'm looking to get back into crude with a long position, aiming to capture the next leg up as bullish sentiment builds. Tight risk management will be key, with stops placed just below support.
Given that both the intraday crude charts and DXY are finding support at key levels, I see this as a prime opportunity to re-enter the market with a clearer view and a bit better RR. The market seems poised for a potential bounce, and I'm looking to get back into crude with a long position, aiming to capture the next leg up as bullish sentiment builds. Tight risk management will be key, with stops placed just below support.
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Related publications
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.