4H Outlook on #USOIL
Let's go for this short cux it met all the required conditions.
Let's explan
First, Price sweep liquidity and displaced to the downside decively making a clear and noticeable MSS so called "CHOCH" During the displacement notice how price left a fresh and unmitigated OB at a premium zone.
Seeing inducement near the level increases the probability of the short setup.
What do you make of it, fellow traders ? π
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@Ajeevo My perception sir is the second one, even though it's very feasible that price can react to the nearest zone and bounce up to break another structure, however the second zone meets my condition
1- Break of structure:
That notified me that buyers are still active.
2- Discount Zone