Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
WHAT'S NEXT FOR CRUDE OIL?!
As we clearly see price broke above our major resistance zone and traded higher
for now, price is trading inside this rising channel so, we are clearly bullish right!
However, as we are trading higher, we will be facing a massive supply zone and the upper bound of the channel which acts as an over-bought zone
So, as we mentioned as the price approaches this area, we will be searching for the correction to start on lower time frame
Like what? double top pattern, trendline break etc.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
WHAT'S NEXT FOR CRUDE OIL?!
As we clearly see price broke above our major resistance zone and traded higher
for now, price is trading inside this rising channel so, we are clearly bullish right!
However, as we are trading higher, we will be facing a massive supply zone and the upper bound of the channel which acts as an over-bought zone
So, as we mentioned as the price approaches this area, we will be searching for the correction to start on lower time frame
Like what? double top pattern, trendline break etc.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
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Glad to meet you: t.me/Snipers_F_x