Hey guys. Just a quick post on oil. I took this entry earlier today. Let's take a look
Weekly:
Prices are consoidationg from 3 months in a tight range. kijun is flat and we have hadelta hovering near 0 with bearish cross.
Daily:
Kumo is still thick. But hadelta is below zero line.
4H:
If you look at 4h chart, it was broken a few times . But problem was prices just penetrated kijun every single time. Now , however, this looks like 4h kijun test and failure. To me it was just good probability and good entry. My target is weekly kijun. Stop is in place. Let's see how it plays out in coming weeks.
Happy trading.
Weekly:
Prices are consoidationg from 3 months in a tight range. kijun is flat and we have hadelta hovering near 0 with bearish cross.
Daily:
Kumo is still thick. But hadelta is below zero line.
4H:
If you look at 4h chart, it was broken a few times . But problem was prices just penetrated kijun every single time. Now , however, this looks like 4h kijun test and failure. To me it was just good probability and good entry. My target is weekly kijun. Stop is in place. Let's see how it plays out in coming weeks.
Happy trading.