A buy may be setting up. The highlighted demand zone is expected to hold, as it caused a bullish break of market structure. So we wait patiently for price to come to our buying zone, then look for bullish price action to confirm and valid entry.
OPEC+ had its first physical meeting since the pandemic last Thursday and has decided to cut oil production which is definitely going to have an immense impact on price movement in the coming week(s). The impact of this event could be seen on the chart as we witnessed a significant breakout of the key level at $86.00 to set a bullish tone against the new week as...
Entry 1- On LL 2- Parallel Descending Channel SL 1- Previous LH TP 1- around 0.618 fib level 2- 4hr Support area 3- Channel Support
Possible Trend Reversal Making new LL and LH Parallel Descending Channel
Hello traders! ⁉️This is my analysis on USOIL. Here we are in a bearish market structure, so I am looking only for shorts. I expect price to go a little bit higher to fill the imbalance above and then to reject from resistance. Like, comment and subscribe to be in touch with my content!
USOIL WTI H4 Bearish Butterfly Pattern Formation, Market will be falling this zone, let's see market condition
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Short rules are simple: don't force trade against terend, with a clear HL-LL structure. Then, at the red level, is sell zone. momentum is looking price fail to make a higher high, then go to entry short. traders need to enter short at that level, as a red engulfing reversal candle appears at that point. verify a lower timeframe for the best analysis and wait...
This is a follow-up video to my previous analysis on the USOil as we did make a minimum of 350pips in total to close last week. Oil bulls culminated in a loss during the later part of last week's trading session after a surprisingly higher U.S. inflation print for August reinforced expectations for more super-sized Federal Reserve rate hikes. Even as the selling...
Upward Trend Price Above the Last HH 3 White Soldiers
Hello Traders! Hope we are all having a great profitable week. We are currently seeing on US oil that the market has been very bearish for the past couple of weeks and we have seen a clear bearish order flow consequently. Having that in mind, we had to spot our supply zone from where we have a strong bearish order block, waiting to see the retracement stop at...
Rejection From Major Resistance Bearish Engulfing Candle
Hello traders! ⁉️This is my analysis on USOIL. Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action as price took out liquidity above previous weekly high and mitigated bearish orderblock. Like, comment and subscribe to be in touch with my content!
Trade Plan: Short 1- Broke the Support Area 2- Made a new LH ET: 80 SL: 82.62 TP1: 76.9 TP2: 74.63
This is a follow-up video on my previous analysis as a breakdown of the demand zone at the $83 area appears to be a bearish signal. In the next week, I expect to see the price move back into the $83 area where a rejection or breakout of this level might signal the direction of price action. Risk Disclaimer: Margin trading in the foreign exchange market (including...
USOIL get support at 77 level and up, USOIL has a bullish form. But oil can't breakout resistance level, looking trading consolidation zone. We need to wait because above this level, the price may get rejection and down or breakout and up
Oil prices have fallen in last few weeks, but the bullish trend continues for a long term. If USOIL get shows a support at the level of 74.20 and bullish forming, I open long trade. Why oil is still bullish ? 1. World oil production rose 790 kb/d in August to 101.3 mb/d, with a strong recovery in Libya and smaller gains from Saudi Arabia and the UAE offset by...
USOIL may make the same bearish move for a third time on the monthly. If it does complete the move and get to the 618 zone we can begin looking for the LONG.