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Naturelaw

USDSGD Short Triggered ☄HTF - Huge ascending channel visible on weekly and daily charts with long term highs broken followed by reversal to downside with some momentum | LTF - Separating patterns to see the market is in a state of impulse and continuation. Current correction has clear middle section and move up to complete the pattern is a 123 wave. Recent highs just broken with ascending formation on 15 minute chart | ENTRY - 1H high test and retrace was enough with all other confluence factors considered for me to enter with stop loss above the flag structure. Just trading my plan here
Short
by Black_Magic_Capital
OIL in value area for potential LONG reversal 🧨HTF - significant drops have broken all time lows. False breakout to upside now price correctively moving back down to double bottom area | LTF - price decelerating towards lows and outer structure, currently within a descending channel signalling upside breakout potential | No need to rush this one with so much potential for upside. Will be waiting for price to reverse at double bottom or just break below first, then a bull flag. Otherwise if outer structure is reached within a clear pattern, happy to take an early entry
OANDA:WTICOUSDLong
by Black_Magic_Capital
Looking at a SHORT TERM SHORT to lowsHTF - Can see that the most recent momentum has been bearish and past week or see has just been a steep correction to likely head lower | LTF - Ascending wedge/channel behaving as the correction lower but wasn't willing to cal the top of this move. Now market is giving a clue it's ready to continue down following break of recent high and bearish impulse | Market is showing it's hand, I'll be waiting for a tight flag to confirm this is heading to the lows at which point I'll be looking for an entry. Also wary of possible inflection point where price could reject. Will use the inverse correlated DXY as a cross reference
Short
by Black_Magic_Capital