Kumowizard
Long

4H setup still good for long entry

FX:USOIL   Crude Oil (WTI)
482 2 9
If you missed the first move, no problem, you always have a pullback.

Daily - not much change:
- Ichimoku is still bearish until price stays below 44,15 and 46 key levels. (between 44-46 it would change to neutral)
- Heikin Ashi setup is bullish . Some momentum loss today
- EWO is still red.

On daily it still looks like a bearish setup, but 4H chart shows some more hope for Bulls and warning for bears.

4H:
- Ichimoku is neutral. Price in the Kumo cloud. First breakout failed as mkt got bit overbought. Tenkan/Kijun is meadium bullish .
- As I wrote on Twitter before, Price retested 100WMA, Kumo and later Kijun sen as well. These are supports now and provide a safe risk-reward entry point.
- haDelta is turning up again. Watch for bullish Heikin Ashi signal.
- EWO is bullish .

Inventories data was out not long time ago, and it was in line with exp             . Price popped. Recent 4H candle shows failure of bearish move as its body shrinks.

Strategy: Buy more and hold longs. Stop below 41.
moorekapital
a year ago
AFTER CURRENT 4H BAR CLOSES, IF NEXT BAR DOES NOT REACH 41.31 I'M BUYING OIL!
snapshot
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Kumowizard PRO moorekapital
a year ago
simple price action trading.
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