I've decided to open a new long position in oil 
WTI , despite the odds not being particularly favorable. My reasoning is based on observing strong support at the daily Fair Value Gap (FVG), which I had been waiting for to confirm a solid reaction before entering.
On the weekly chart, the outlook leans more bearish, and this week’s performance will be crucial in determining the market's clear direction.
While the 1-hour chart shows a decent reaction, it’s from a lower timeframe, which doesn’t carry much weight in terms of broader market strength.
Looking at the daily timeframe, the market structure is not encouraging. We’ve seen a consistent pattern of lower swing lows, adding pressure to the overall setup.
Trading management
However, on the 15-minute chart, this trade aligns perfectly with my approach: stop-loss just below the wick, as the candlestick has shown strong respect for this level. My take-profit is targeting liquidity on the buyer’s side. I plan to take partial profits at $71.46 and move my stop-loss to break even.
71.46-->RR: 4.19
74.24-->RR: 7.54
Capital risk: 1%
WTI , despite the odds not being particularly favorable. My reasoning is based on observing strong support at the daily Fair Value Gap (FVG), which I had been waiting for to confirm a solid reaction before entering.On the weekly chart, the outlook leans more bearish, and this week’s performance will be crucial in determining the market's clear direction.
While the 1-hour chart shows a decent reaction, it’s from a lower timeframe, which doesn’t carry much weight in terms of broader market strength.
Looking at the daily timeframe, the market structure is not encouraging. We’ve seen a consistent pattern of lower swing lows, adding pressure to the overall setup.
Trading management
However, on the 15-minute chart, this trade aligns perfectly with my approach: stop-loss just below the wick, as the candlestick has shown strong respect for this level. My take-profit is targeting liquidity on the buyer’s side. I plan to take partial profits at $71.46 and move my stop-loss to break even.
71.46-->RR: 4.19
74.24-->RR: 7.54
Capital risk: 1%
거래청산: 스탑 닿음
SL reached
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.