USDWTI H4 - Monster RR on this one if we can find resistance on the support zone we have just broken... WTI is more impulsive than confirmative, so often very fast moves are seen without 2 stage or multiple retests. 618 to 786 ties in nicely with corrective fibs from week open down to current price (resistance retest point).
Analysis & Trade Idea 💡
On the daily timeframe Gold seems to be in overall distribution from August the 10th after the market reached all-time highs. Key supply (support) and demand (resistance) zones have been highlighted in green and red respectively, it is worth noting that gold respects whole levels as points of entry for the sell as these...