OILUSD waiting for confirmation on high probability setup
Updated
Scenario #1
Price is now trying to test the major key level resistance.
Wait for daily candle close.
if break the level, look for a next retest/pullback,
where resistance have possibility become support.
and wait for continuation pattern before open position.
Scenario #2
If bounce back down, resistance is still intact,
looking for short possibility.
Price is now trying to test the major key level resistance.
Wait for daily candle close.
if break the level, look for a next retest/pullback,
where resistance have possibility become support.
and wait for continuation pattern before open position.
Scenario #2
If bounce back down, resistance is still intact,
looking for short possibility.
Trade active
scenario #2 is ONNote
++pips now.. lets see where it goNote
Crude Oil Inventories +4.9M
lets roll
Note
waiting for tonight crude oil inventories data release..Note
Crude oil inventories -7.9M
the theory..is price move up
Note
yup...Note
resistance still hold!Note
free fall??by the way, +++pips
Trade closed: target reached
after 25 days..but huge pips..
thanks oil
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