Bearish Bias on Brent Crude Oil
Market structure is currently on a downtrend with healthy price action forming Lower lows and lower highs a break of a swing low at 73.34 occurred to the downside. Liquidity sweep occurred at 70.742 making the pullback or retracement a liquidity sweep pullback. My conjecture is equal highs being swept at 72.736 to rally towards the 2h supply zone I anticipate continuation of sells from 73.74 to 71.039 as my 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.