OIL - Break or Bounce?!
Not much needs to be said about this setup, either wait for a break and retest scenario, or a bounce scenario!
This is where candlestick patterns come in play!
Keep an eye for next week!
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me/pipsofpersia
This is where candlestick patterns come in play!
Keep an eye for next week!
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me/pipsofpersia
OIL H8
OIL weekly closed as a bearish engulfing
H8 closed as a bullish engulfing
So I expect a push up either to the previously marked zone, or fib level, for the H8 bullish engulfing to be satisfied
And then push down from either zone to continue the bearish momentum
t.me/pipsofpersia