Hello everyone, if you like the idea, do not forget to support with a like and follow.
BRENT is approaching strong resistance in green from Weekly so we will be looking for sell setups on lower timeframes.
on H4: BRENT is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, BRENT would be overall bullish and can still test the upper bound of the resistance.
And of course, as BRENT approaches our lower blue support, we will be looking for buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BRENT is approaching strong resistance in green from Weekly so we will be looking for sell setups on lower timeframes.
on H4: BRENT is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, BRENT would be overall bullish and can still test the upper bound of the resistance.
And of course, as BRENT approaches our lower blue support, we will be looking for buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal