rafael_kyrdan

rafael_kyrdan Updated 

On Daily Chart and 4H chart we created the megaphone(broadening formation) so I would check the top boarder of the formation and look for breaking market structure.

rafael_kyrdan Updated 

If current and next 4h candle close behind the trend line we are in bearish trend. The main reason is inflation, nobody needs so expensive oil, it is very bad for economy. Many of us expected the conflict on middle east will push the price higher but as you see it doesn't happen.

rafael_kyrdan Updated 

Short term prediction for 11-12th of March. Last Friday the 4hour candle closed out of tunnel. I would expect that it goes down towards 81.5(or around it.) It might do a manipulation move towards back to the tunnel. Or even it might do a hawkish move.

rafael_kyrdan

The daily candle as other candles contains body and two wicks. The best set up is when you open the trade in the bottom wick during long trend and in the top wick during the short trend for a current day. Here the 3 steps to catch the right set up. 1. Wait for asian range(purple box). 2. Identify daily bias long or short. 3. Open the trade below or above true day...