Price has already tested the upper channel of the bearish flag. Fib retracement level of 0.236 is also intact. If the price falls below the lower channel of the flag it is a good setup for short. However, it depends upon the price action. Look for bearish signals to enter short.
USOIL is making LHs and LLs. Can Set SL1 at the confluence of declining trendline and FIB retracement level of 0.23. TP:1 is according to risk-reward. TP:2 is set as aggressive(AB=CD) on breaking the support of 93.53.
Strong bullish signals are forming. Can take TP:1 at the break of the first trendline. Take TP:2 at 2nd Level. Both levels also show confluence with strong Fib retracement levels. Chaikin, Klinger and RSI oscillators also show confluence with an upward trend.
If Daily Strong Support is broken and new LHs and LLs are visible then good setup for going short in short term.
It can be a trend reversal. Long positions can be taken with tight stop losses.
OANDA:EURUSD It looks like the trend is going upwards after taking price correction.
USOIL might test resistance at 105 and looks then might turn downard. For short-term trend looks bullish but trade on tight Stop loss and small TPs.
Seems like it is going to be a formation of 3 White Soldiers. JPY is on strong position.
After a bearish trend, bulls seem to build up a resistance. More maturity in the chart on Monday (28th Feb, 2022) will bring clarity in the trend.
Bulls seem to gain momentum. Yesterday bears tried to win back but looks like momentum is still with the bulls.
Identified a bullish hammer after red candle, indicating a reversal of the bearish trend. Another piercing Candle was identified at the correction and 3 white soldiers indicating bullish trend.