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.
USOIL 4h Has broken down after creating a head & shoulder on the lower timeframe. Upon new opening, the price has formed a new bearish structure and again has broken down after a liquidity grab as soon as the market opens. Currently, price retesting the previous support as resistance on the local structure and rejecting that can give us another opportunity to...
On a weekly basis, we have witnessed how the price of oil fell for a fourth straight week to incite a risk of a further decline in price action in the coming week. However, I won't be jumping to conclusions considering the current structure as we need to look out for significant signals that will guide our actions during the new week. withRisk Disclaimer: Margin...
Hello traders! ⁉️This is my analysis on USOIL . Here we are in a bearish market structure with clear lower lows and lower highs. I expect price to reject to take out buy side liqudity and to fill the imbalances above. After that, to continue bearish price action. Like, comment and subscribe to be in touch with my content!
Hey traders! In the US OIL Market structure we see after drop of oil prices on 14 sep from 90$ per barrell price is now holding its support area which is 84$. What we see in market structure? Price breakout its market structure in 2h timeframe and show the selling pressure at 86$ which is very stong support for usoil now price again come to this level now as a...
8th September daily key reversal bar, made a new low closed in the middle. 9th September daily insurance bar indication for strength ahead. high probability for long opportunity from demand zone as 82.40-20 with half risk, may use remaining half% risk from 81.30, stop loss 80.50, target: 88.50
USOIL is looking like an expanding market about to complete 1-2-3-4-5 pattern - see purple. A possible reversal area is the 1.272 ext (82.52) of the last swing higher - see green This area is also a support area going back to January. We draw another extension from the last small move higher - see black - and judge the price action as it moves through these...
Hello traders! ✅ This is my trade on USOIL . Here I expect bearish price action as price filled the imbalance and rejected from bearish orderblock + psychological price level 89.00. Like, comment and subscribe to be in touch with my content!
USOIL (4H) is currently approaching to test the neckline of 4H head & shoulder. It is high probability that the price will have a rejection as we already have seen strong rejection from this important area of value with long bearish engulfer. As the long-term trend is down, it is a high probability that the price will continue to drop as daily has a strong bearish...
USOIL has formed a strong bearish price action on a daily and higher timeframe. In the 4H timeframe, we see a significant expected retracement to the upside. Price is now currently approaching this important level of resistance. Upon rejection and price action confirmation, a selling opportunity may arise. Thank you and press the like button if you enjoy this content :)