USOIL: Multi-Timeframe Analysis | Strong Setup Forming
Updated
I've been exploring through different markets over the past few days, and one thing that really caught my attention was 
USOIL
So, I decided to share my thought process of how I analyze any market from a top-down perspective while using all timeframes to create a bias.
Top-down analysis is always the key element of how I approach any market.
This way of viewing the market has really helped me to remove subjectivity when analyzing a pair.
Instead of relying on my personal view, I can confidently rely on what the market is showing me regarding trend and zones.
Adopting a mechanical perspective has genuinely helped to remove doubt and fear in my overall trading.
Now let's get into the top-down process:
12M:
6M:
3M:
1M:
2W:
1W:
1D:
Feel free to suggest which market you'd like me to cover next!
USOIL So, I decided to share my thought process of how I analyze any market from a top-down perspective while using all timeframes to create a bias.
Top-down analysis is always the key element of how I approach any market.
This way of viewing the market has really helped me to remove subjectivity when analyzing a pair.
Instead of relying on my personal view, I can confidently rely on what the market is showing me regarding trend and zones.
Adopting a mechanical perspective has genuinely helped to remove doubt and fear in my overall trading.
Now let's get into the top-down process:
12M:
6M:
3M:
1M:
2W:
1W:
1D:
Feel free to suggest which market you'd like me to cover next!
Note
Waiting for price to reach back into X2/2D Fractal block before considering getting into longs.Trade active
Note
X1/2D valid for longsTrade active
Trade closed: stop reached
SL hit
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