I'm expecting a short here but either way, if it a 1 hour candle closes outside of the box I will enter a short. For best results, watch for it to close outside of the zone and then re-test the break.
Possible trend change longer term as well so you may be able to hold long term (Much longer than the three TP's.
Hi Seildev here,
Will be looking at shorting USDWTI/oil this evening. So far we have a very nice confluence area and key support and resistance of 47.1
- Structural trade
- 47.1 Key support/resistance
- 50 EMA acting as resistance
- 50% Fib