1) Compression prior to QM level
2) MPL spotted after HH level
3) Price reacted at QM zone
4) Take profit at TP1 and TP2
2) MPL spotted after HH level
3) Price reacted at QM zone
4) Take profit at TP1 and TP2
Note
Swap zone spotted at m30 Lower Timeframe.Let's see if the price rallies up to retest the QM level.
So please set a Sell limit Order at the QM level (previous H, not HH) in hopes to catch the price for maximum profit. It is also advisable to set up layer sell orders at current price, in between current price and QM level and the QM level itself.
Goodluck Oilmen!
Note
Setup failed. QM manipulation induced by swap zone (supply become demand)
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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.