$CL is slowly edging higher and higher. The brief sell-off in the US session today was quickly bought up. Patience, discipline, and timing are key when edging so you don't prematurely finish before the process is completed.
Staying power. How long can you last? Many traders have trouble staying in a trade long enough to let it play out to its target. They're easily taken out with minor price fluctuations. Trading on higher timeframes, sitting on your hands, or just walking away from the charts can help keep you in longer.
Remember, keep your risk low and manage your trades.
Plan. Execute. Next.
Trade Less. Make More.
Staying power. How long can you last? Many traders have trouble staying in a trade long enough to let it play out to its target. They're easily taken out with minor price fluctuations. Trading on higher timeframes, sitting on your hands, or just walking away from the charts can help keep you in longer.
Remember, keep your risk low and manage your trades.
Plan. Execute. Next.
Trade Less. Make More.
Comment:
Price is hitting up against the 61.8 fib zone. The daily short-term trend is up with higher highs and higher lows. I think it's getting close to either selling off or pushing up through the next zone. If the latter occurs, I would expect profit-taking and look to scale into a short position. ✌️❤️