Velmurugan_SimpleTrader

Velmurugan_SimpleTrader

All major time frames are in BUY, also the lower time frame 1H in strong BUY. Think and trade in probability.

Velmurugan_SimpleTrader

Crude oil at demand range, Check 15 / 5 min reversal confirmation for entry.. Think and trade in probability.

Velmurugan_SimpleTrader

Crude oil forming Rising wedge pattern in Daily TF.. Breakout at the bottom of the range. I n weekly TF 66 - 68 $ is the next major supply range. Need to wait for reversal confirmation in DAILY/ 4H TF. Think and trade in probability.

Velmurugan_SimpleTrader

Use lower TF 15 / 5 mins for entry and exit. Think and trade in probability.

Velmurugan_SimpleTrader

Currently 4H showing retracement of previous sell. High probability to break out at the bottom .. Check reversal confirmation. Think and trade in probability.

Velmurugan_SimpleTrader

Check lower TF 5min / 3min for reversal confirmation. Always have Multiple time frame view on the market.

Velmurugan_SimpleTrader

Hourly new low formed, can enter short at golden fib., Level.. 4hour tested the dynamic resistance (sma20). Think and trade in probability..

Velmurugan_SimpleTrader

Trade in the direction of breakout.. Think and trade in probability.

Velmurugan_SimpleTrader Updated 

As the falling wedge breakout might be at the top . Major Supply & Demand ranges are marked. YOUR COMMENTS ARE WELCOME Trade Conservatively.

Velmurugan_SimpleTrader

Your Suggestions are welcome. As yesterday market at channel top (In daily TF) . {Refer previously published idea in Crude oil} Can stay on Short side until reversal in hourly TF.

Velmurugan_SimpleTrader

Tested Higher time frame demand range. Your Suggestions are welcome. Think and trade in probability.

Velmurugan_SimpleTrader

Currently market is between Major Supply & Demand ranges (Weekly TF). Formation of Channel in daily TF is respected by lower time frames 4H & 1H. Channel formation at Lower high of daily TF, So breakout might be at the bottom of the channel (High Probability). Trade based on your Financial goals & Risk tolerance. Think and trade in probability.

Velmurugan_SimpleTrader

Always look into Multi time frame analysis before entering a trade. Trade based on your financial goals and RISK tolerance .

Velmurugan_SimpleTrader

Think and trade in probability.

Velmurugan_SimpleTrader

As the channel was formed at Higher low, so breakout might be at the top of the channel. It may test the daily demand level (Green dotted line). Also check lower time frames for more confirmation. Think & Trade in Probability.

Velmurugan_SimpleTrader

After forming New high & new lows consecutively in hourly time frame for straight one week, currently market forming triangle pattern. Trade in the direction of breakout, conservatively. Always have a look at higher & lower time frames for more confirmation of the trend. Think & Trade in Probability.

Velmurugan_SimpleTrader

Demand level and higher time frame supply levels are mentioned in the chart.. Think & Trade in Probability.

Velmurugan_SimpleTrader

Mentioned my view in the chart. Think & Trade in Probability.