USOIL (WTIUSD) Today, 15-August-2024, NY SESSION
Disclaimer: I post for informational purpose only dear traders, please do your own research properly, markets are risky.
Pair: USOIL (XTI)
Setup: Short term (Higher timeframe = 1H)
Bias = Bullish
Session entered: NYsession
My Hypothesis:
- Economy: The employment data is strong & there is enough supply of oil reserves as from Crude oil data yesterday.
My Technical analysis
- Price broke previous days lows with decent order flow, and there was a divergence in number of orders in the DOM (Depth of Market) from yesterday, all these factors together made me conclude a sell.
I took an aggressive buy this morning during the NY session.
I am still observing it.
Thank you!
Pair: USOIL (XTI)
Setup: Short term (Higher timeframe = 1H)
Bias = Bullish
Session entered: NYsession
My Hypothesis:
- Economy: The employment data is strong & there is enough supply of oil reserves as from Crude oil data yesterday.
My Technical analysis
- Price broke previous days lows with decent order flow, and there was a divergence in number of orders in the DOM (Depth of Market) from yesterday, all these factors together made me conclude a sell.
I took an aggressive buy this morning during the NY session.
I am still observing it.
Thank you!
Note
I forgot to place the bias: BULLISH
Disclaimer
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