AUD/ USB und WTI

AUD/USD

We have a false break of the inside bar candlestick pattern on AUD/USD. First, the price broke below the low of the inside bar candlestick pattern but then moved back up and closed within the inside bar candlestick pattern which traps the sellers who sold at the break of the inside bar candlestick pattern. Note that the Stochastic and Commodity Channel Index (CCI) were both in overbought territory at the time when price broke below the inside bar candlestick pattern which should lead the price lower but it closed back up leaving a false break here. With all the bears being trapped, we could potentially have some buying opportunities in today's London session.

WTI

In the daily chart, we can see that price has surged up from Monday's pin bar at key support zone.In H4 chart, we can see a break of the double bottom's neckline. Will the market retraces to 61.8% level for a 2618 trade setup? If market retraces to that level, it is also re-testing the high of that Monday's pin bar in daily chart providing us with a second chance entry if we have missed the earlier opportunity to go long at break of pin bar's head.