Monitoring this 1.6400 area for a breakout and pullback PA .
DislikedLooks very close to mine which I setup this morning, ready for next week.Ignored
DislikedPrecisely why I like this approach... the accuracy!
I like to stick to my pre week plan, it prevents any knee-jerk trading and keeps me in the driving seat. Good week ahead to youIgnored
DislikedHi Mike, I have a question... Does my pattern look clean to you or it's more curve fitted?Ignored
Dislikedi didn't see anyone posting this W1-pinbar on crude oil. right at the 100 usd.
so here it is...Ignored
The pattern looks ok to me. It is showing signs of fading momentum and that could mean a reversal is coming. I wouldn't trade this one as a straight breakout and pullback, but would be more happy to see some sort of signal before it breaks out. Also not how the daily is not the smoothest with this future and that gapping and choppy makes it tougher to trade technically from my viewpoint. I tend to move up in timeframes till its smoothed out. Weekly is much easier to read
DislikedThank's for the response Mike. Yeah does gaps are giving me a headache. What's your logic behind not to take a breakout + retest trade?Ignored
I just think it's a better pattern for a pre-emptive type breakout rather then a breakout and pullback. The angle of the trendline etc. Just a "look" thing to me
DislikedJust be very cautious here trading back into all that consolidation and traffic. I am glad to see where your take profit is, but also be sure to monitor as it approaches all that chop again, price can bounce quick