Whenever price for an instrument is accumulating we make to setups, long and short. Because let’s be real, no one know which direction it going to break. We can have a bias as I do,but really just never know. When a trend is happening this is different. You can be more successful picking direction and say trend is your friend in ick a reversal. But consolidation is more or last a crap shoot.
So here crude is accumulating. So I set up dondition where I enter long or where I enter short these levels are 65.60 and 65.14 respectfully. Also shown is tp 1 for both sides. My bias is short ( yea, I know) because condition overbought and price needs to get past strong Hull MA. But either way I am ready for a front entry (long) or rear entry (short) as they are called for contingent setups.
Safe and happy trading!
💜 Ms Bunny.
So here crude is accumulating. So I set up dondition where I enter long or where I enter short these levels are 65.60 and 65.14 respectfully. Also shown is tp 1 for both sides. My bias is short ( yea, I know) because condition overbought and price needs to get past strong Hull MA. But either way I am ready for a front entry (long) or rear entry (short) as they are called for contingent setups.
Safe and happy trading!
💜 Ms Bunny.
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Wow! I must’ve been tired when I wrote my idea. It’s worse than my normal Bas English! Lol