CVX demand zone long opportunity
Telah dikemas kini
CVX dropped after its earning report, and it gave a inside day breakout afterward.
At the same time, the oil price rallies a lot that is very close to the important pivot.
Being bullish about oil but not willing to chase the high before the resistance, long a oil company may be an alternative.
Often times, a demand/supply zone is formed by inside bar breakout/breakdown despite the fact that they have totally different trading philosophy.
While if we missed the inside bar breakout to catch the momentum, a pull-back strategy is still better than chase the high.
At the same time, the oil price rallies a lot that is very close to the important pivot.
Being bullish about oil but not willing to chase the high before the resistance, long a oil company may be an alternative.
Often times, a demand/supply zone is formed by inside bar breakout/breakdown despite the fact that they have totally different trading philosophy.
While if we missed the inside bar breakout to catch the momentum, a pull-back strategy is still better than chase the high.
Nota
Got the 1st kick @ 116.70, put the rest of the out below 113.90 to trail.Nota
an inside day at high, put some of the out at the inside day low 119.85;the other put below 115 pivot to trail!
Nota
Great example of demand zone trade, put the out below 125 to trail!
Penerbitan berkaitan
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.