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Trading WTI / Oil using Tflow®

Week to Week, WTI is Up

WTI currently supported on H4

WTI currently supported on H4

  • Week to week, H4 boxes has been stacking up with a recent Bullish expansion seen.
  • Current price is supported by previous H4 boxes highs and lows.

1234 Pattern seen on H4

1234 pattern can be seen in H4 on WTI

1234 pattern can be seen in H4 on WTI

  • A 1234 pattern can also be seen on the H4 charts
  • Using F6, above 10360 has R at 10430-40 (recent high) and 10560-70, 10620-30 (previous historical high) (levels by Binni)

Immediate resistance and support levels can be seen on the Daily charts with Boxes

Next levels of Support and Resistance on Daily charts

Next levels of Support and Resistance on Daily charts

It is always good to pre-empt possible formation. When price nears the resistance, there are 2 possibilities which could happen.

Big Move

BigMove is possible if price expands above resistance

BigMove is possible if price expands above resistance

  • If price expands and clears the resistance zones of previous months high, a big move criteria could be the premise of our next trade opportunity.

WRMB

If price is unable to stay above resistance a WRMB can happen

If price is unable to stay above resistance a WRMB can happen

  • If price fails to expand and stay above the resistance however, then we would be looking for a WRMB strategy to take place.

(Updated 5th June 2014)

  • Price did not trigger as of last night based on the modified F6 entry.
  • If price goes below 102 then there is a chance price might continue to move down. In this case we would no longer be looking at a buy for WTI.
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Last time, many things that I wanted were just dreams, now I see them as possibilities. I’m looking forward to own pent-house suite in Manhattan overlooking Central Park because forex trading with Tflow® makes it possible. Find me on Google+

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One thought on “Trading WTI / Oil using Tflow®”

  1. Jia Hui Toh says:

    This is a great post in illustrating the need to plan in multiple scenarios. Thanks!

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