Oil has been bearish off late.
but daily has shifted to down bias a couple of days ago.
today being an inside value day with 1/2 volume is not the best of the setups but it's the only one to look for today.
Grade C risk will be allocated if oil breaks below ARL and gives entry on 5M.
but daily has shifted to down bias a couple of days ago.
today being an inside value day with 1/2 volume is not the best of the setups but it's the only one to look for today.
Grade C risk will be allocated if oil breaks below ARL and gives entry on 5M.
Note
getting very close to ARL. any pullback to CPR after it tags ARL will be a possible entry for us.let's see if it happens in next few candles. I don't want to enter in a position late NY session and hold it over the weekend.
if it doesn't happen in next couple hours, I'll scratch the idea and let it go without me.
Note
Let's go. ended the week on a good note.
played out as expected, break of ARL and retest to the CPR. profit locked in. 15% piece on with target at day's low. not interested in holding this over the weekend.
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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.