Disclaimer: I post for informational purpose only dear traders, please do your own research properly, markets are risky.
Pair: USOIL (XTI)
Setup: Short term (Higher timeframe = 1H)
Bias = Bullish
Session entered: NYsession
My Hypothesis:
- Economy: The employment data is strong & there is enough supply of oil reserves as from Crude oil data yesterday.
My Technical analysis
- Price broke previous days lows with decent order flow, and there was a divergence in number of orders in the DOM (Depth of Market) from yesterday, all these factors together made me conclude a sell.
I took an aggressive buy this morning during the NY session.
I am still observing it.
Thank you!
Pair: USOIL (XTI)
Setup: Short term (Higher timeframe = 1H)
Bias = Bullish
Session entered: NYsession
My Hypothesis:
- Economy: The employment data is strong & there is enough supply of oil reserves as from Crude oil data yesterday.
My Technical analysis
- Price broke previous days lows with decent order flow, and there was a divergence in number of orders in the DOM (Depth of Market) from yesterday, all these factors together made me conclude a sell.
I took an aggressive buy this morning during the NY session.
I am still observing it.
Thank you!
Note
I forgot to place the bias: BULLISH
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.