Mr.Pip
Long

USOIL POTENTIAL LONG (Monthly) #17

FX:USOIL   CFDs on Crude Oil (WTI)
188 0 3
I would personally be using this analysis to either Long or Short USDCAD             .
As far as explanation the first demand zone is a (DBR) Drop Base Rally indicating Buyers overpowered the sellers.


*The bottom demand zone is:
A: The lowest low
B: The first rally indicating buyers are more greedy and sellers are more fearful there.
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