OK Traders, In this analysis, I will try my best to convince you that OIL will definitely hit 20 before further declining(if it does), so we will make 150 PIPS.
H4 Analysis: We got a Doji at the bottom which mean indecision of the market. Next we get bullish hanging-man, which closes above the closing price of Doji candle, shows the signs of bullish market.
H1 Analysis: We got nearly Doji/hanging-man before the last candle. Then we got next bullish candle showing the signs of bullish market.