Price tapped a major demand zone / strong support around 57.40 – 57.50, a level previously respected multiple times.
This zone has acted as a liquidity pool, and today price swept the lows before showing a strong rejection wick – signaling aggressive buyers stepping in.
After the liquidity sweep, USOIL printed a clean bullish reaction candle, confirming that buyers are defending the structure.
Why Buy Here?
• Strong historical support at 57.40
• Liquidity grab + bullish rejection
• Market structure attempting a shift on LTF
• Room to retrace back into imbalance above
Buying Area:
57.45 – 57.60 (demand zone reaction)
Short-Term Target:
58.55 – 58.60 (FVG + previous supply zone)
Invalidation:
Break and candle close below 57.35
Bias:
Bullish as long as price stays above demand zone.
A clean risk-to-reward recovery move is expected if momentum holds.
This zone has acted as a liquidity pool, and today price swept the lows before showing a strong rejection wick – signaling aggressive buyers stepping in.
After the liquidity sweep, USOIL printed a clean bullish reaction candle, confirming that buyers are defending the structure.
Why Buy Here?
• Strong historical support at 57.40
• Liquidity grab + bullish rejection
• Market structure attempting a shift on LTF
• Room to retrace back into imbalance above
Buying Area:
57.45 – 57.60 (demand zone reaction)
Short-Term Target:
58.55 – 58.60 (FVG + previous supply zone)
Invalidation:
Break and candle close below 57.35
Bias:
Bullish as long as price stays above demand zone.
A clean risk-to-reward recovery move is expected if momentum holds.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My FREE Telegram Channel:
t.me/EaglePipsPro1
Facebook Page.
facebook.com/share/1BUFZ8GZBa/
t.me/EaglePipsPro1
Facebook Page.
facebook.com/share/1BUFZ8GZBa/
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
