Bearish bias on Brent Crude oil [UK OIL]
There's a Break of structure [BOS] at 73.563 to the downside, Consolidation occurred and a liquidity sweep at 70.68 to the upside, the market eventually came back at that liquidity sweep at 70.68 and gained momentum to the upside The pullback that was formed indicates a liquidity sweep pullback I'm anticipating liquidity to be swept at 73.563 to rally to the 2h supply zone, my conjecture is continuation of sells from that 2h zone to 71.467 as my profit targets there's a 30m demand at 71.467 that I'll use as my profit target
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.