USOIL on a short term retracement 🦐
USOIL on the 4h chart is creating a series of lower low lower high with the market that was unable to violate the previous lower high.
Now the price is testing an important liquidity zone and a bounce to the upside could be seen.
How can i approach this scenario?
If the price will break above the last minor swing we can set a short term long order according to the Plancton 's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Now the price is testing an important liquidity zone and a bounce to the upside could be seen.
How can i approach this scenario?
If the price will break above the last minor swing we can set a short term long order according to the Plancton 's strategy rules.
-––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
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a bounce over the support as epxcted
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as expected
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retest of the support and moving higher as predicted
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just a perfect analysis
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a 10% call
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a 14% profit
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moving to the resistance area
15% call
15% call
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20% call since my original idea
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retracement after the top
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possible bullish continuation