WTICOUSD trade ideas
Crude oil Hourly Demand range , Higher TF's are in strong Buy.Scenario 1: Market until above the demand range
Go for Buy while testing the demand range with confirmation in 10 / 5 mins chart.
Scenario 2: Close below demand range
Market may go for a small correction / consolidation, then again Up only.
Higher Time frame view,
Learn from Mistakes.
Think & Trade in Probability.
Crude oil Multiple timeframe analysis (Higher timeframes)Monthly TF at Major Supply range.
Weekly TF trading between a range, currently formed Bearish divergence.
Daily TF formed a New low on Thursday, sign of Downtrend.
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In DAILY TF, Can expect fall after testing SMA 20 / Fibonacci Retracement level of 61.8%.
Target levels 62$, 59$ & 57$..
Follow with 4H /1H TF for more confirmation. (These are in Buy to retracement for Daily TF's Sell swing).
Think in Probability. Trade based on your Financial goals & Risk tolerance..
Crude oil 4H Broadening triangle pattern , Breakout direction??www.elearnmarkets.com
Study the pattern / refer link above..
As the pattern is a sign of high volatility in the market which traps bulls and bears..
Just follow the 1H for trend .. always have a multiple time frame analysis.
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Think and trade in probability..