USDWTI H4
We have pushed 2R on this setup from that solid daily push yesterday all throughout the day, very clear and consistent, minimal drawdown and minimal pullbacks.
However, we are still cautious of this H4 bear trend which has been marked. A slight pullback to the zone indicated would be healthy, for a second bullish attempt to set a new higher high.
USDWTI H4
More major corrections are being seen now, as we pinned into that yearly high price of 76.60/barrel. Minor break and retest play was being seen as we trading amongst our interim zones.
However, a healthy correction to see us pullback between our 50/618 fib support would tie in nicely with previous S/R and could set us up nicely for a long position...
