Buy or Sell decision on Oil is about to come

Mar 25, 2022

As expected price broken down the wedge which is a reaction of 618 retracement of the downside movement. This will potentially create an impulse move to the downside when price retrace a little bit up and unable to break the resistance. However, it's also in its crucial area as it rejected in SMA(20). Buy Oil when price breaks up the resistance / the last swing high

Mar 25, 2022

Note

Move exactly to what we expect. Now wait for it to hit the supply zone in red to enter short position

Mar 25, 2022

Note

Unfortunately we missed 4pips and this trade is cancelled.
Let's find another one