Hello Traders,
I hope you all had a great weekend and made some profits last week! As the market opens today, I’ve identified another setup on USOIL (WTI). Here’s the breakdown:
1. Zones Marked:
- On the 4H chart, I’ve marked two key zones: a Supply Zone and a Demand Zone.
- Switching to the M30 chart, I’ve marked an additional Demand Zone.
2. Liquidity Line:
- You’ll notice a Liquidity Line on the chart. Wait for a sweep of this level before considering any trades.
3. Entry Strategy:
- Move to the M15 chart for a precise entry to lower your risk.
- Look for bullish momentum to confirm a long position.
4. Take Profit (TP):
- The TP levels will remain the same as planned.
5. Volume Observation:
- Volume is currently low, which could indicate a potential divergence. Keep an eye on this as it may impact the trade.
6. Risk Management:
- Always manage your risk carefully. Avoid trading blindly and stick to your plan.
Wishing you all the best and happy trading! Let’s make it a profitable week. Thank you!
I hope you all had a great weekend and made some profits last week! As the market opens today, I’ve identified another setup on USOIL (WTI). Here’s the breakdown:
1. Zones Marked:
- On the 4H chart, I’ve marked two key zones: a Supply Zone and a Demand Zone.
- Switching to the M30 chart, I’ve marked an additional Demand Zone.
2. Liquidity Line:
- You’ll notice a Liquidity Line on the chart. Wait for a sweep of this level before considering any trades.
3. Entry Strategy:
- Move to the M15 chart for a precise entry to lower your risk.
- Look for bullish momentum to confirm a long position.
4. Take Profit (TP):
- The TP levels will remain the same as planned.
5. Volume Observation:
- Volume is currently low, which could indicate a potential divergence. Keep an eye on this as it may impact the trade.
6. Risk Management:
- Always manage your risk carefully. Avoid trading blindly and stick to your plan.
Wishing you all the best and happy trading! Let’s make it a profitable week. Thank you!
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.