TylerTrades

Brent_Swing Long

Long
OANDA:BCOUSD   Brent Crude Oil
A loss of momentum on the H4 time frame upon entering weekly demand resulted in rules met for a CFM entry. Further clean up on the zones was done on the H1 time frame.

From the charts, the first (upper) demand has been used and thus an entry cannot be taken on that level. However, a lower entry with huge imbalance on the H1 time frame warrants a second entry should prices retrace to that level

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.