- In the past few days crude oil has traded within a range delineated by the dashed lines at 102.00 and 88.23 price levels.
- When you turn to your chart on a 15min timeframe on July 5th 2022 a large price movement from 104.95 to 102.31 occured with no time for buyers to participate.
-My trade idea is that price has created a "double-top" at the 102.00 level which will be traded above to seek liquidity and fill in the imbalance within the 102.31 and 104.95 price levels. I will look for a lower time frame setup to enter.
- Price should then trade lower out of the range and below 88.23 where liquidity lies. This will be my exit point.
Not financial advice.
- When you turn to your chart on a 15min timeframe on July 5th 2022 a large price movement from 104.95 to 102.31 occured with no time for buyers to participate.
-My trade idea is that price has created a "double-top" at the 102.00 level which will be traded above to seek liquidity and fill in the imbalance within the 102.31 and 104.95 price levels. I will look for a lower time frame setup to enter.
- Price should then trade lower out of the range and below 88.23 where liquidity lies. This will be my exit point.
Not financial advice.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.