Trade Setup on Crude Oil Futures by ThinkingAntsOk
Use this as a guide to develop your setup
Main items on the 4hs Chart:
a) The price is inside an ascending channel
b)Currently, it is against the upper trendline of the channel + Resistance zone (Potential area for reversals)
c)We can see a corrective Structure outside the ascending trendline (white line)
d)IF the Corrective Structure is broken with a bearish movement, we expect a continuation of it towards the lower trendline of the channel and then to the support zone at the beginning of the channel
e)We set our orders as explained on the chart/ENTRY/STOP/BREAK-EVEN/TAKE PROFIT
f)IF the price makes a new Higher High we will cancel our setup
Daily View
Main items on the 4hs Chart:
a) The price is inside an ascending channel
b)Currently, it is against the upper trendline of the channel + Resistance zone (Potential area for reversals)
c)We can see a corrective Structure outside the ascending trendline (white line)
d)IF the Corrective Structure is broken with a bearish movement, we expect a continuation of it towards the lower trendline of the channel and then to the support zone at the beginning of the channel
e)We set our orders as explained on the chart/ENTRY/STOP/BREAK-EVEN/TAKE PROFIT
f)IF the price makes a new Higher High we will cancel our setup
Daily View