williamjoelwulff

williamjoelwulff Updated 

So as you can see Oil faced support at the previous low to fill the gap subsequently the previous high couldn't as resistance hence Oil breaking it so those mini sells are like a retracement a break and retest for market to rally up again which the next level is 90.00

williamjoelwulff Updated 

Market Structure has been in a downtrend market creating series of Lower Highs and Lower Lows so market creating that double top or previous High acting as resistance indicating market wanting to resume the trend by selling

williamjoelwulff

USOIL has been in an Uptrend for the past 10 weeks. This implies market has been creating series of Higher Highs and Higher lows. For the previous movement of 70.00 to breaking through the previous high of 85.00 then market was due to retrace a portion of that movement before a continuation of the trend or change in the overall direction of the market. So a double...

williamjoelwulff

On the 15minutes time frame market has being in a channel for sometime and upon price reaching the level of 152.900 it faced resistance from there a solid bearish candle closure confirmed the trade setup

williamjoelwulff

AS established by analysis yesterday a break of the countertrend line will lead to a long in the currency pair GBPNZD .An entry was to be made a very long time when price retested the psychological level and broke it but being skeptical about market behaviour countertrend was used as last confluence to confirm a risk free entry for a buy or long

williamjoelwulff

a break of the counter trend and a likely retest of the major psychological level is signaling a buy