Oil to the Bottom before a Big impulse UP

26 Ağu 2021

Welcome traders,

Here we can see Oil lies in the correction of a Long term ascending channel of more than one year duration after the break of a descending trendline since 2008

We spotted a nice SHORT opportunity :
-a good LQ zone ( Blue ) at around 70
-an ascending correction line in Blue
-the upper border of the descending correction in Red
-Golden Fibo

SL : above structure and trendline ~ 71
TP1 : 67-65 area of interest
TP2 : 62 previous low
TP3 : 59 last possible valid area at good confluence for going LONG

Trade Safe everyone

15 Eyl 2021

İşlem kapandı: durdurma seviyesi

Trade closed with loss
waiting for a buy opportunity now after breakout of the correction