BabasNumbaOne
Short

[BCO][BRENTCRUDEOIL] bad news for oil good news for us--NO RISK

OANDA:BCOUSD   Brent Crude Oil
2 months ago
Hi everybody!

This is a true free fall of the BCOUSD             , I tried waiting for a retracement but it is not coming. Verified that on higher TFs(Weekly/daily).

Next strong resistance arround 43.264(target as well)

I verified every step of the downfall that happened, that'is why I put a small fibo (there was 6 before) ( 5/6 follows the .382 fib)

Little bit of technical ( ichimoku ) to confirm everything:
- PA just closed under KS on Weekly TF.
4H TF:

- TS<KS in a troubled water(attracting zone(sign of a bearish Signal))
- PA<TS<KS<Kumo
- CS<PA<TS<KS<Kumo ( and nothing that is blocking the way ).
-----------------
Target for Now is 43.264 but we will be looking for further down later on.

Plan :
- Wait for the PA to touch the (small).382 fibo
- take it all the way down.

Everything is on the chart. Need explanations ? ask your questions. Need my Idea on any other thing let me know.

**Never forget your helmet when you take the right candle**
**Enjoy trading ! it's thrilling"
and
**SL should NOT and almost NEVER be beyond 10 pips! JUST Wait for the right moment to get in ( Currencies )***
**I am trying to be as much precise that I can. **
**Use TradingView as a confirmation tool for your own strategy**
**Please study hard before placing your money on Forex**

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2 months ago
Comment: Even tho' we are on commodities, Don't forget to move your SL to even when you have 50 pips and so on (Safe players).

Always worry about RISK, money will come with it!!!
2 months ago
Comment: I will be updated other Ideas very soon. For now the market is trying to stabilise after the big impulse at 17h00 for the CAD and the JPY.
2 months ago
Comment: time to sell guys. Best price ;)
suvratd7
2 months ago
Amazing sir

I m not getting this part actually

/*

Little bit of technical ( ichimoku ) to confirm everything:
- PA just closed under KS on Weekly TF.
4H TF:

- TS<KS in a troubled water(attracting zone(sign of a bearish Signal))
- PA<TS<KS<Kumo
- CS<PA<TS<KS<Kumo ( and nothing that is blocking the way ).


*/
if you could help me with something that would be great help...

I was about going to place buy order in crude you saved me seriously :)
Reply
BabasNumbaOne suvratd7
2 months ago
AHAHaha no worries man! thank you for your question. One of my tools that I use is the ichimoku kinko hyo. Ichimoku gives you accurate informations about the trend and all that comes with it (volatility oversold overbought etc.)Little complicated at the begin but after few months you get used to it. For now ( Weekly TF)it is a Trend down but the Price is in a zone of incertaincy. But the Trend is bearish and new( so will go for a few time). When we go down to the 4HR timeFrame,you see the the price will go down at least to the next (support) which is my target.

Any Specific question about it :


TS = Tenkan Sen
KS = Kijun Sen
CS= Chikou Span
Kumo = Cloud.

Keep asking your questions, it's a pleasure to answer them.
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