WTI bullish continuation and bearish trend violation Long

Crude Oil (WTI)FXCM

Description

⋅ Jan 31, 2019 12:29 PM

hey traders,

from October 2018 we considered the market to be in a bearish trend,
and now, as the market violated 54.2 level, we finally can declare a bearish trend violation.

On the daily timeframe it is even more straight forward.

so now we have a bullish bias and can buy a test of the broken structure.

58.0 is the next significant level.

good luck!

Comment

⋅ Jan 31, 2019 7:50 PM

this is the zone where we are looking for entry

Comments

MoneyballAustin

⋅ Feb 1, 2019 6:49 AM

its a shame it broke that Weekly supply zone.. i was looking for shorts.. but now im looking for buys for income trades.

VasilyTrader

⋅ Feb 1, 2019 10:17 AM

@MoneyballAustin, hhaha, we should adjust and flexible every time, man!))

MoneyballAustin

⋅ Feb 1, 2019 10:25 AM

@VasilyPonomarev, 100% vasily..100%

AshaDi

⋅ Jan 31, 2019 7:17 PM

umm... any update?

VasilyTrader

⋅ Jan 31, 2019 7:50 PM

@AshaDi, sure

AshaDi

⋅ Jan 31, 2019 7:51 PM

@VasilyPonomarev, :P thankssssss

VasilyTrader

⋅ Jan 31, 2019 7:52 PM

@AshaDi, you are welcome)

AshaDi

⋅ Jan 31, 2019 8:18 PM

@VasilyPonomarev,

Question: why not Tp 63.62 @fib level 61.8? :P

AshaDi

⋅ Jan 31, 2019 8:19 PM

Question: why not Tp 63.62 @fib level 61.8? :P

VasilyTrader

⋅ Feb 1, 2019 10:16 AM

@AshaDi, my decision making process is based primarily on structure. I use fibs only to leverage this process