How To Make Money Today: WTI CRUDE OIL Daily Market Analysis and Forex Trading Signals 11 April 2022
To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…
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OIL:
On the H4, with price expected to bounce off the support of the stochastics indicator, we have a bias that price will rise to our 1st resistance at 114.40 in line with the horizontal pullback resistance from our 1st support at 97.75 in line with the horizontal pullback support, 78.6% Fibonacci projection, 161.8% Fibonacci extension and -27.2% Fibonacci expansion. Alternatively, price may break 1st support structure and head for 2nd support at 90.16 in line with the 127.2% Fibonacci extension
Areas of consideration:
- H4 time frame, 1st resistance of 114.40
- H4 time frame, 1st support of 97.75
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