WTI Crude Oil got rejected on Resistance Zone 1 and is now about to enter Support Zone 1.
This is a Buy Zone that has only been breached once in the last 3 months (since November 28th).
The only breach that took place formed Support 2.
Trading Plan:
1. Buy upon entering Support Zone 1.
2. Buy at 70.50 (slightly above Support 2).
Targets:
1. 80.50 (slightly below Resistance Zone 1).
2. 77.50 (slightly below Mid-level structure that was the first stop of the December 9th rise).
Tips:
1. The MACD 4H has also a very clear Support and Resistance Zone. It is not yet near the Support Zone, which gives more probabilities to the price approaching Support 2 before a rebound. keep an eye if it reverses earlier.
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This is a Buy Zone that has only been breached once in the last 3 months (since November 28th).
The only breach that took place formed Support 2.
Trading Plan:
1. Buy upon entering Support Zone 1.
2. Buy at 70.50 (slightly above Support 2).
Targets:
1. 80.50 (slightly below Resistance Zone 1).
2. 77.50 (slightly below Mid-level structure that was the first stop of the December 9th rise).
Tips:
1. The MACD 4H has also a very clear Support and Resistance Zone. It is not yet near the Support Zone, which gives more probabilities to the price approaching Support 2 before a rebound. keep an eye if it reverses earlier.
Please like, follow and comment!!
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Disclaimer
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Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.