This pair offers POI which crosses 2 DTLs and daily 50EMA. Will enter only if there is good rejection candles like last short off the last high. Dont like the upward momentum, so be careful with this setup.
Note
Oil manages to reach the POI and I was expecting to form a 4H shooting star there so I can enter short off it, buuut it reacted well more aggressive and it didn't get opportunity for entry, so now I'm waiting for a short pullback just so I can have better RR, or next zone is brake and retest of 1H 50EMA Note
Oil didn't show any pushback on the second move from the POI, so I haven't entered trades yet. For now, it seems quite bullish to me, so I will wait for a breakout of the 1H EMA and the retest of it for short trades.Note
Not sure about OIL's direction yet. Something puts me off for some reason. I will only consider a jump in position if I see a good rejection at this POI, which means candles with upside wicks and bearish engulfing candles.
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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.