Market Structure Breakdown:
🔸 Daily Timeframe:
• We initially identified a double-bottom formation, signaling a bullish push to grab liquidity above previous highs.
• However, buyers failed to sustain momentum, leading to a structural shift.
🔸 H4 Timeframe:
• Strong impulse move downward, breaking key structure.
• Formed a lower high, indicating seller control.
🔸 H1 Timeframe:
• Entry confirmation: Lower high + structure break + retest.
• Current Position: Short trade floating +142 pips in profit.
• Stops secured in profit = No risk on the trade.
🎯 Next Targets & Key Levels:
✅ Target 1: Sweep 7040 low.
✅ Target 2: Potential drop to 7026 if momentum continues.
⏳ Crucial Confirmation Needed:
• If today’s bearish candle closes above average, it will confirm a true lower high and increase chances of breaking consolidation to move lower.
🛠 Trade Management:
• Profits taken at: +30 pips, +60 pips, +100 pips.
• Current floating: +142 pips.
• Overall target: +212 pips (1:5 / 1:6 RR).
• If we break consolidation, we’ll trail TP and maximize gains.
This trade is a textbook example of a failed bullish push leading to a structural breakdown. With stops locked in profit, we’re letting the trade play out risk-free, while looking for further downside expansion.
If you’re tracking USOIL, keep an eye on these key levels and watch how price reacts! 🚀📊
🔸 Daily Timeframe:
• We initially identified a double-bottom formation, signaling a bullish push to grab liquidity above previous highs.
• However, buyers failed to sustain momentum, leading to a structural shift.
🔸 H4 Timeframe:
• Strong impulse move downward, breaking key structure.
• Formed a lower high, indicating seller control.
🔸 H1 Timeframe:
• Entry confirmation: Lower high + structure break + retest.
• Current Position: Short trade floating +142 pips in profit.
• Stops secured in profit = No risk on the trade.
🎯 Next Targets & Key Levels:
✅ Target 1: Sweep 7040 low.
✅ Target 2: Potential drop to 7026 if momentum continues.
⏳ Crucial Confirmation Needed:
• If today’s bearish candle closes above average, it will confirm a true lower high and increase chances of breaking consolidation to move lower.
🛠 Trade Management:
• Profits taken at: +30 pips, +60 pips, +100 pips.
• Current floating: +142 pips.
• Overall target: +212 pips (1:5 / 1:6 RR).
• If we break consolidation, we’ll trail TP and maximize gains.
This trade is a textbook example of a failed bullish push leading to a structural breakdown. With stops locked in profit, we’re letting the trade play out risk-free, while looking for further downside expansion.
If you’re tracking USOIL, keep an eye on these key levels and watch how price reacts! 🚀📊
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.