The oil price has strong support, the main key of the week, but a down structure creates a heave resistance. Waiting for the price break the range to make good decision.
- There is a strong downward structure - price retracement at the key 1-hour - right on the key with OB support - price is recovering at fibonacci 0.5 - place a pending order to sell at OB - sell in a strong downtrend - ENTRY: 0,62004 - SL: 0,62170 - TP: 0,61459 - Warning: price touches strong support line and pulls back
Accumulation area has broken and the trend is up The retracement point at the resistance line coincides with the 0.5 fibonacci line and has a key of 5m + OB Place a buy pending order at key + OB Entry: 0.86216 - SL: 0.86023 - TP: 0.86823
- 1h structure goes down - structure 15 minutes down - at key 15 minutes supported by 1 unused OB - place a pending order to sell at OB - ENTRY: 1970,424 - TP: 1950,567 - SL: 1975,319
- 1h structure goes down - structure 15 minutes down - key 15 min coincides with fibonacci 0.5 of 1h frame - place a pending order to sell - ENTRY: 0,62374 - TP: 0,61562. - SL: 0,62619
- 15 minute structure is decreasing - price is having a retracement - at the important key 15 minutes put a sell order to follow the downtrend to continue - ENTRY: 0,89296 - SL: 0,89419 - TP: 0,88859
- 1h structure goes down - structure 15 minutes down - key 15 min coincides with fibonacci 0.5 of 1h frame - place a pending order to sell - ENTRY: 0,67614 - TP: 0,67006. - SL: 0,67972
- structure increased dramatically. price retracement. - place a pending buy order on an uptrend at an important key - at key with OB support - warning: there is a possibility that the price does not match the order - Entry: 94,751 - SL: 94,473 - TP: 95,639
- watch to buy at OB below the strong support line - strong bullish structure, buy up on structure - be careful: there is a big resistance
- in the 15 minute time frame the bullish structure is still unbroken - in recovery structure, can return to OB and go through key and scan SL - touch OB then keep increasing
- structure goes down - may return OB - OB coincides with fibonacci 0.5 - place a limit sell order at OB
- A sell limit order has been set at sub-key. - A sell limit order has been set at key - Structure down continue - Pullback to sub-key
- A sell limit order has been set at key 15-minute. - The Structure of the 1-hour timeframe still moves down. - Warning: The pullback structure is rising and not ending.
- A sell limit order has been set at key 15-minute. - The Structure of the 1-hour timeframe still moves down. - Warning: The pullback structure is rising and not ending.
- pullback to sub-key a 5-minute timeframe - pullback to fibonacci at ~0,6 - CAUTION: reaching resistance 1-hour key and strong reaction - CAUTION 2: the pullback structure 5-minute still isn't end.
declining structure (15-minute) Set a sell limit at key + ob. caution: up structure 1h caution 2: touch resistance
- The Structure is rising. - Support by Key and OB. - A buy limit order has been set.
- structure is rising. - support key 5-minute - support OB - set a buy limit with stoploss under OB - CAUTION: touch a heavy resistance