Both CADJPY and USOIL have daily and weekly time frame directional bias. Exercise caution due to weekly resistance, which has already been tapped once, entry on a break of resistance and retest would be a better entry.
I will likely enter on CADJPY and not USOIL, but set up is valid on both
Weekly resistance on USOIL could give the entry on the daily time frame, caution needs to be exercised as last time price rejected from the resistance level the pullback was hard.
Driver of OIL is vaccine rollout, rejection from the weekly resistance on a change of the narrative would make this trade less appealing for me.
I will likely enter on CADJPY and not USOIL, but set up is valid on both
Weekly resistance on USOIL could give the entry on the daily time frame, caution needs to be exercised as last time price rejected from the resistance level the pullback was hard.
Driver of OIL is vaccine rollout, rejection from the weekly resistance on a change of the narrative would make this trade less appealing for me.
Dagangan aktif
entry triggered o 23/3/21 entry 0.03 at 86.49
Took profits 0.02 off the table at 87.92 $33.77
still have 0.01 runner with stop and BE
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.