Navigating the Market : Simplified #BRENT #OIL
Monday high and low (after the NY close) coincided with equal high on Friday and several days (including Friday low) low respectively
The liquidity resides above the Monday high (remember I divide the week into specific chunks to be able to objectively determine and qualify a "valid" liquidity pool) and was tapped in yesterday. Interesting enough Tue-Wed high resulted by that institutional tap of the price creates a liquidity pool.
If you have a good technical system, you would be able to short this (look at the shots fired) and bank some profits by now (and if you don't plan to scalp, manage your trades now and eliminate risk immediately)
/** This is not an entry & exit based trading strategy
The liquidity resides above the Monday high (remember I divide the week into specific chunks to be able to objectively determine and qualify a "valid" liquidity pool) and was tapped in yesterday. Interesting enough Tue-Wed high resulted by that institutional tap of the price creates a liquidity pool.
If you have a good technical system, you would be able to short this (look at the shots fired) and bank some profits by now (and if you don't plan to scalp, manage your trades now and eliminate risk immediately)
/** This is not an entry & exit based trading strategy
Komen:
Price again re-enters the liquid pool zone and touching 61.00. The next thing to do is.... WAIT.
Komen:
If you shorted as per suggested in this trading idea, I am sure you would've banked some profit.