We got a nice pop up which is standing on not so reliable grounds. Expecting drop back to 30900ish in later Ny session. London will close soon at a bit higer as it is at this moment. More consolidation between 31150 and 31200 before drop.
Its end of a year and i dont expect to play it out this year. Waiting to see what kind of a reaction we get at red lines which are s&r spots where we might get a reactoin --> wicks dont lie :)
Id like to see at least 2 more testing of the uppe red line (resistance) before choosing to go Short. We might also go slowly above the red line and then consolidate there before hard push up. Patience and execution.
We are bouncing off upper quadrant and have some 50pip room to the Short side im taking S right now. Id radher publish CL futures Picture but in free version data is 10min delayed. SL is around 60pip.
nice setup for Short. next 1h close is strong indication for goin Short. I know you would say its at support but im no ordinary trader. Stop loss above daily pivot at around 139,90 ish. we have bearish on stoch 1h,4h and daily. should be safe but let see what market brings.
No trade at the moment but patiently waiting something to happen. on the upper side we have upper daily trend channel. so i wont take any Longs here atm. want to see a break of that channel and confirmed holding as a support then. But i would like to take Short if we can get some strong red candle out of this congestion area. we have room to the lower area or even...
Today we can expect one of these 3 options. most probable is a consolidation movement till we break out tomorrow. we have some option to the L side to profit, but real profit lies to the S side but first we have to get confirmation to the S side. also check daily and 1h timeframe. on daily we are in consolidation area for now but could be preparing for Short explosion.
On a daily we have a bounce off support gann square.RR is around 3:1 so its good enough to take it.Around 19th nov. we can expect a pivot which coenfluence with target point.
We are between supp and resistance in upper quadrant. making LLs and LHs. Good place to Short it for today...SL migh be a bit huge for someone but place is very good to Short it.Im risking 40t this time.
Yesterday we didnt get any pullback, but lets see if we can get one today.I consider it as pullback already happened if you can see that wick to the area and rejected...just want to see a nice bullish candle to enter.
CL is in down channel and its a nice small opportunity to take few ticks on the way down to 53.00 area where it Will test that area again. High volume was traded in that area thats why we can expect to bounce to the upside again, of course with confirmation.
We had a rejection to the upside and also to the downside. Another nice candle through lower support and we have a highway to the short side with nice RR: 6+.
