KaKeungChoi
Short

OIL-Direction with S/R Zones

TVC:UKOIL   BRENT CRUDE OIL
oil
181 1 3
oil
OIL-Direction with S/R Zones

Oil             price has retreated since mid Aug. it has try to rebound back but close below the previous high, that is Low High but not yet a lower low. so let see how this 4 hour Triangle breakout structure develops. trade according to break out with a clear action candle above or below the shape.


Trading the S/R Zones for 4 Hour Chart
(4 hour chart for weekly entries of buy and sell.)

Trading Rules:
All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone.
Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to confirm the reverse.
Do Not chase price, let the price come to the S/R zones before entries.
S/R levels between zones can be use as Take Profit or stop lost location.
If you are interest more of my S/R Wave Zones forecast charts, you are welcome to join me in my SR Market Forecast Website and be a member.

for more info.:
http://www.srmarketforecast.com

Thanks
Happy Trading.
K.K. Choi
KaKeungChoi PRO
2 months ago
Target completed
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