Oil has been in an up trend for many months now.
As of recent I have wanted to get back on this up trend and now finally we could have a potential setup. Please see idea rationale below:
1) Longer term up trend (4hr and above)
2) Short term up trend (Black line drawn)
3) 1hrly chart EMA has been respected in the recent past
What am I now waiting for? (Whichever scenario comes first)
1) Price to move above the 100 EMA on hourly chart then I will go long
or
2) I will use the trendline I have drawn to enter again on hourly chart
If none of the above scenario happens, then I will continue hunting!
Happy Trading Gang!
As of recent I have wanted to get back on this up trend and now finally we could have a potential setup. Please see idea rationale below:
1) Longer term up trend (4hr and above)
2) Short term up trend (Black line drawn)
3) 1hrly chart EMA has been respected in the recent past
What am I now waiting for? (Whichever scenario comes first)
1) Price to move above the 100 EMA on hourly chart then I will go long
or
2) I will use the trendline I have drawn to enter again on hourly chart
If none of the above scenario happens, then I will continue hunting!
Happy Trading Gang!
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.