1. USOIL WTI( crude oil ) I expect main move DOWN . I wan to see retest of 57,00 hourly resistance. 2. XAUUSD main move rimains UP for me. So I want to see retest of 1414. 3. ES1! main move I expect DOWN . I want to enter from 3021, but need other conditions. 4. E61! ( EURUSD ) neutral. I think price will move more down, but there is now clear point to enter.
This video discussed the large bullish weekly pinbar setup that has formed in light crude. I discussed the current market structure, trading tips and trade ideas. Notes from the video are posted below. **Current Market Structure** -Long term bullish trend -Price has stayed within bullish channel -Large bullish weekly candle from pullback off of key...
The 1 year IVR in USO has reached 93%, and has reach 100% on the 90 day IVR. This is exactly when we want to begin selling premium. In this case I decided not to sell a straddle(selling both a put and a call), because I don't like the upside risk I would be taking on. With this trade, selling a put, we are both selling premium and getting...