We have two extreme resistance level you can look for short in those areas,
Everything else determined properly on the chart, I will try to share with you my entry setup on USOIL, so make sure you do not miss our analysis,
Any question about USDWTI comment me bellow! FxShzd team
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No confirmation for entry, so we go for next level
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Read the explanation on the chart! wait for confirmation to short
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As you see so far no sign of change of character from uptrend to downtrend so we wait!
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Just to let you know no bearish sign until now! gong good so far!
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No trade on OIL we just watched price to fly!
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What I see is clear, in Lower time-frame we got the confirmation for change of trend but in higher time-frame we didnt, so this is risky, I will short in the area I determined with half risk!
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Opened short position as I said earlier half risk!
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2nd position for whoever missed it!
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We broker bellow, SL to BE!
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2nd order activated! Sl to BE as soon as we breal bellow!
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First one BE HIT, second one SL,
I will look for next entry if I got
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There is low pressure in upward trend!
Lets see if this level can stop the price
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So far all good, lets see if it can be hold!
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Last view on USOIL! 1:2 R in profit for now!
As we said earlier we expected to have reaction to 86.86, lets see how price moves!
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Sorry guys I missed to place my second entry for you, I hope you could catch just by my expected level that I was waiting for!
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By the time I was posting price was dropping! so if you missed it leave it, if not hold it!
Lets see if we can close 4h with this shadow!
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Scalping resistance! so, let's see!
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We are in the decisional area! the battle between buyers and sellers! lets. see who wins!
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I dont really like the movement!
Price has been rejecting from the determined level perfectly, but still not showing heavy drop!
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First entry 1:2, second. entry 1:3 ✅
I was waiting for a drop like this! in 5 min covered all previous candles!
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2nd entry tp hit 1:5✅ so I'm closing half of the second entry, The rest I leave for final tp!
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Partial close in an area that determined!
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Price Consolidating between two level! so lets wait to see who is winner!