Political tensions in the Middle East are causing oil prices to rise, aren't they?
Congratulations, that's what most traders think, who have opened long positions.
However, the market is trying to pick up traders' SLs first.
A long entry in WTI would be premature.
Therefore, we wait for a liquidity grab on the downside first.
Then we open the said long position with a nice RRR of 3.5:1.
Congratulations, that's what most traders think, who have opened long positions.
However, the market is trying to pick up traders' SLs first.
A long entry in WTI would be premature.
Therefore, we wait for a liquidity grab on the downside first.
Then we open the said long position with a nice RRR of 3.5:1.