WTIUSOIL weekly analysis monthly-hourly
In trading or at the beginning of a trading week we need to have a look at the fundamental first to know when we are likely to have more volatility in the market
This is just the news đź“° for this week concerning USD since we dealing with Usoil alone here
We expecting price to drop into this monthly +OB and FVG and this are one of the things we must keep in mind when going into this trading week and month.
Everything still remain the same on the weekly we remain bearish. Look at how price react to the -OB last week. The question to ask is where are we going to Now? Where is price going or likely to be at the end of the week. When we have an answer to that then we work with the order flow with the ECONOMIC NEWS đź“° Coming out Because they will use the volatility to push price to where they want. So it is either we join them in the right direction or they punish us for going against them.
You can see how the past few weeks have been resting on the monthly Fvg (premium) that's algorithmic and what is going to be resting below it? Sellside liquidity.
We remain bearish on the weekly chart đź“Š. I see them going to hit the -OB before going lower to 24th Jan low having Sellside Liquidity and the BISI.
did you see the purge and revert there ??? do you see the daily FVG also i guess it should be fun this week.
I really appreciate you waited this far hopefully you find this helpful. For any questions or feedback I will appreciate that and also a like(Agree) lol and a follow. Have a bless week.
USOIL
This is just the news đź“° for this week concerning USD since we dealing with Usoil alone here
We expecting price to drop into this monthly +OB and FVG and this are one of the things we must keep in mind when going into this trading week and month.
Everything still remain the same on the weekly we remain bearish. Look at how price react to the -OB last week. The question to ask is where are we going to Now? Where is price going or likely to be at the end of the week. When we have an answer to that then we work with the order flow with the ECONOMIC NEWS đź“° Coming out Because they will use the volatility to push price to where they want. So it is either we join them in the right direction or they punish us for going against them.
You can see how the past few weeks have been resting on the monthly Fvg (premium) that's algorithmic and what is going to be resting below it? Sellside liquidity.
We remain bearish on the weekly chart đź“Š. I see them going to hit the -OB before going lower to 24th Jan low having Sellside Liquidity and the BISI.
did you see the purge and revert there ??? do you see the daily FVG also i guess it should be fun this week.
I really appreciate you waited this far hopefully you find this helpful. For any questions or feedback I will appreciate that and also a like(Agree) lol and a follow. Have a bless week.
USOIL
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