POSSIBLE LONG OPPORTUNITY ON BRENT OIL

22 ก.ค. 2020

since my last trade on oil, price has finally broken out of the range and is making clear bullish momentum so we now know that we are in an uptrend. all we need to do now is wait for price to retrace/pullback, scale down to the 1hr timeframe and wait for the momentum shift to the upside. one thing to be aware of is that when price retraces towards a previous resistance zone. the is a lot of consolidation near that area due to financial institutions/firms stop hunting retail traders. remember to follow your trading plan and risk management plan. good luck guys