US-China TradeWar, how to trade USOIL volatility?
Fineprints: Please note that the depicted trade zones are not trade calls. Use them as references coupled with your own trading strategies for entry. Decision will updated upon changes in market and structure conditions.
Please trade with cautious for the next few weeks. US-China Trade war updates will be a significant fundamental catalyst which create higher volatility than yesterday OPEC meeting. This means that we might experience spikes more frequent than usual. However, based on waves analysis, this is how it will play out in the next few weeks.
Do a shoutout in my youtube Live streams if you have any questions. Search "Alpha Smurf".
Please trade with cautious for the next few weeks. US-China Trade war updates will be a significant fundamental catalyst which create higher volatility than yesterday OPEC meeting. This means that we might experience spikes more frequent than usual. However, based on waves analysis, this is how it will play out in the next few weeks.
Do a shoutout in my youtube Live streams if you have any questions. Search "Alpha Smurf".
Comment:
Bounce off from the green zone. Price action towards red zone now. For those who already entered, please set tighter SL or breakeven. Due to USOIL volatility during this few weeks, trading short-terms would be better.
Bounce off from the green zone. Price action towards red zone now. For those who already entered, please set tighter SL or breakeven. Due to USOIL volatility during this few weeks, trading short-terms would be better.
Comment:
The reason for tighter SL is the possibility of the following waves to play out.
The reason for tighter SL is the possibility of the following waves to play out.
Care for impending downmove to green zone, before expecting the next impulse to the red zone.