Bearish Bias on Brent crude oil

15 באוק׳

The market was on an uptrend respecting the initial Bullish breaker block at 76.0 but Price failed to break past $80.0 per barrel. An impulse move occurred yesterday due to rising tensions in the middle east. Price sliced and broke through the bullish breaker block making it a new Bearish Mitigation block. A Break of structure happened invalidating the previous bullish breaker waiting on a retracement, I anticipate continuation of sells from 75.111 to 71.564

17 באוק׳

הערה

There's a lot of consolidation around 74.8 which makes me think liquidity is going to be swept towards that Mitigation breaker block my sl and tp parameters are still the same