1. Weekly Breaks the resistance and Have CB1 (Candle break 1) Used Fibonacci retracement for the next pit stop.
2. Monthly theres Divergence according to AO ( awesome Oscillator )
3. H4: Candle closed outside of BB. Means momentum Buy.
Buy Till the next zone (1.40459 - 1.42844)
Peace be Upon You and Good Day,
Please do correct me if i am wrong. Really appreciate your comments on the trading plan.
There are 2 zones that needs to be checked if theres any indication whether the price will be bearish or otherwise.
1st zone would be at 0.70760 - 0.71024 (marked with the red arrow)
2nd zone would be at 0.71024- 0.73284 (marked with...
Good Day All,
Oil rally would only be possible IF the price close above the resistance area 61.60USD area in Weekly Chart. AO in Week
In daily Chart, we can see that the candle has closed above the bollinger band which signifies that BUYER RALLIES yesterday. (Momentum Buy is there).
H4 has made a divergence with AO. Daily has made divergence. Price could be...