One of the economic releases of the day was the U.S. Crude Oil Inventories which helps measures the weekly change in the number of barrels of commercial crude oil held by US firms. The way it works is that the amount of inventories helps influence the price petroleum products which can have an encounter with the inflation rates. Traders have got two things which ...
Following this uptrend will secure a short buy position in the 60/240 timeframe.
Unless the updated after the US current accounts the position will stand at:
TP: 0.99327
EP: 0.99145
SL: 0.98995
Risk: 1.3
descending trend line
hit the fib level of 61.8
over 4 types of resistance correlating at the entry price
stop loss over the next higher fib level
4h our bearish
nice easy drop do to most recent low
simples
usdchf long trade
Daily momentum up
1H momentum up
MA200 rejection
Trend line rejection
Support line rejection
Pin bar + closing above
4H 50MA rejection
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