-Crude oil is currently trading in a ranging market environment between 83.34 and 70.08 (larger range). Price is also in a smaller range between 82.66 and 72.46 (smaller range).
-From how I see the markets, the 10AM Feb 23 candle was a retest of a fair value gap before a move higher continues aiming between 79.73 and 81.50 price levels. I would like to see the fair value gap left open and not rebalanced completely.
-Bias: Bullish (within the ranges outlined only)
-Why? Some buyside liquidity will likely be rebalanced with a possible sweep to the upside to test the 83.00 level.
-Targets: 79.73-81.5, possibly up to 82.66 for a sweep.
-From how I see the markets, the 10AM Feb 23 candle was a retest of a fair value gap before a move higher continues aiming between 79.73 and 81.50 price levels. I would like to see the fair value gap left open and not rebalanced completely.
-Bias: Bullish (within the ranges outlined only)
-Why? Some buyside liquidity will likely be rebalanced with a possible sweep to the upside to test the 83.00 level.
-Targets: 79.73-81.5, possibly up to 82.66 for a sweep.
Nota
Target at 79.73 hit.Nota
80.5 target hit.Dagangan ditutup: sasaran tercapai
Looks like price is on the heavy side and my confidence of a 82.6$ sweep has been dashed. This trade idea is complete with 2 near term targets reached.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.