Is it safe to LONG USOIL?
Hello traders,
WTI is not a pair I usually trade but I have noticed a clean Wyckoff accumulation from the 1H timeframe.
On the pullback when the imbalance will be filled I will be looking for a confirmation entry for buys.
It's also possible that we can see a potential reaccumulation in that area.
However, we never know until where the price will retrace.
Either way, we are going to react not predict.
I wish you all a profitable week!
DISCIPLINE
It's just an idea of mine.
However, everyone can share their thoughts in the comment section below.
Also, don't forget to support me! :)
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
WTI is not a pair I usually trade but I have noticed a clean Wyckoff accumulation from the 1H timeframe.
On the pullback when the imbalance will be filled I will be looking for a confirmation entry for buys.
It's also possible that we can see a potential reaccumulation in that area.
However, we never know until where the price will retrace.
Either way, we are going to react not predict.
I wish you all a profitable week!
DISCIPLINE
- Strive for patience, perseverance, determination, & rational action.
- Limit your losses, use stops.
- Never cancel a stop loss order after you have placed it!
It's just an idea of mine.
However, everyone can share their thoughts in the comment section below.
Also, don't forget to support me! :)
Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice.
Always plan your trade and trade your plan.
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I will be looking for Confirmation.