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BRENT OIL is sitting around weekly resistance in green so we will be looking for sell setups on lower timeframes.
on H4: BRENT OIL is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, BRENT OIL would be overall bullish and can still dive inside the green resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BRENT OIL is sitting around weekly resistance in green so we will be looking for sell setups on lower timeframes.
on H4: BRENT OIL is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, BRENT OIL would be overall bullish and can still dive inside the green resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal