USOIL(WTI) Price ActionHello Traders,
I hope you all had a great weekend and made some profits last week! As the market opens today, Iโve identified another setup on USOIL (WTI) . Hereโs the breakdown:
1. Zones Marked:
- On the 4H chart, Iโve marked two key zones: a Supply Zone and a Demand Zone.
- Switching to the M30 chart, Iโve marked an additional Demand Zone.
2. Liquidity Line:
- Youโll 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! Letโs make it a profitable week. Thank you!