I want to short USOIL on 1h for several reasons
1.the power of the impulse wave from 42 to 54 is going weaker.
We can see from the 1H chart,the MACD shows the turnning of the power,b>a,c<b
2.there are two Pivots on the chart,the trend can end anytime
I have draw out the enter point,TP and SL level on the chart
I'm looking for a good entry D arround 9.2,when the price falls down towards this area,I will focus on the behavior of the price, necessary condition as follow:
1.CD is clearly in trend divergent compare to AB
2.in the CD,the coming movement is clearly in consolidation divergence
3.the Price line 9.2 stop the down ...
Although GBPUSD falls down quickly,but we can see that the PRZ of Gatterly Pattern converge very well
all suggest tha 1.29368-1.29442 will be a nice place to long GBPUSD
Let's wait for the price behavio
what do you think about this area between 18.5-19.6?
I have just close most of my trade.It is obvious to see that this area is critical .
Without question ,a great consolidation is coming,I will find a good position to long until the consolidation is complete.
On the other hand ,it is a good idea to short at ...