Butterfly completed on OIL close to the all time high/HTF supply zone, price currently rejecting has broken internal structure, but i want to see price come up and mitigate that supply zone/continue to fail the same level before taking sells, i was going to sell the breakout as OIL moves fast but again to risky as it can also pullback super fast, waiting for more confirmation (Failed highs/wyckoff etc) Probably see a spring or some manipulation into those highs before price decides to reverse (If it does)
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.