Simple_Renko

USOIL Buying Opportunities

Long
Simple_Renko Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
See callout bubbles. I expect the trend is shifting with Oil. Here are some areas to look out for ; )
Comment:
Oil is up today, and moving up before our area has been touched. This tells me that that below where current price is (aka our zone) we may indeed find the buyers that we are expecting. If our first zone holds, we should be somewhat aggressive with our profit taking and just shoot for the top of the range.
Comment:
Oil has come up to the area where we expect sellers and there is a reaction. Will these sellers drive the price down to one of out demand zones? W'ell just have to wait and see.
Comment:
Oil looking bullish... Price is in an area where I would expect sellers. So far, no reaction. No action taken on Oil. Just waiting to see what the market does.

***If you feel like you've learned something and would like to learn even more, please sign up and support me as a patron at my Patreon page located at Patreon.com/SimpleRenkoTrading***

Thank you for your support!
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.