ellfxw

ellfxw

just looking at weekly number of point 68% retracement recent daily low, showing as a good support area, channel structure, just a few things im looking at to concider oil long

ellfxw Updated 

ALOT OF WICK FORMING AND SIMILAR REJECTION FROM THIS ZONE ON THE 240 TIME FRAME. AS WELL AS A NICE SUPPORT LINE (3 OR MORE TOUCHES) RESISTANCE LINE APPEARS VALID TO CREATE A CHANNEL WITH ONE FAKE BREAK OUT AT THE TOP PORTION.

ellfxw Updated 

simple chart on the monthly time frame. In my opinion the top trend line is acting as a key support/resistance. First target 20,000 then 18,000 SL will be set at 21600. This is only my take on things so bare that in mind when you do your own analyst.

ellfxw

woke up to a lovely lovely profit this morning!!! closed position and I am now waiting for the pull back. not only do we have a gap to fill we also have a nice trend line retest

ellfxw

possible inverse head and shoulder? I can see a lot of up side potential on this pair

ellfxw

just an interesting view on cable I thought I would share seems to me on the weekly that the bearish channel is being tested once again could we see a rejection to the downside and maintain this downward resistance trend line