So, haven't posted any "ideas" in awhile, but I've definitely been trading ! Made 150% last week shorting XAUUSD from 1700 to 1600, followed by a short on NG1! from 1.92 to 1.70 ! Was a great week ! Now, on to Oil... We have a major trend on CL1! on the monthly chart in a kinda "triangle" formation... The red trendline is very wick bottom of that trend. Blue horizontal line should play as a pretty major support. Price is approaching this area as well as trendline and support meeting pretty close here as well @ $24 ! Oil is cheap right now as well ! However, there's huge amounts of bad news surrounding Oil right now... And I'm expecting tomorrow's #'s to be bad, so we will be waiting and watching price action ! If it wasn't for the news, I would say this is a great R:R trade all day ! If we suffer bad #'s, but still hold this area, that will be a pretty good sign ! Then we will wait for some PA confirmation, with hopefully some bullish divergence, to take a long ! Hopefully she bounces because I'm expecting a great return outta this trade !
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.