Technicals:
Fundamentals:
USOIL:
The Crude Oil outlook is down, but everything is up in the air because of OPEC manipulation. A clearer outlook will appear when the price is out of the ichimoku cloud.
DXY:
The US dollar index is in a parralel channel upwards, and has not been able to break this for a year.
Actions:
Entries:
I will be scaling in my longs from 1.30258, as the price has not been able to break here for the past week.
1.30258 -> 1.28978
TPs:
I will be taking profits at these levels as this will be a long term trade ( Several Months? )
1.31690
1.32247
1.33375
1.34369
1.35242
1.36388
SLs:
if it breaks the falling wedge
- Falling wedge
- RSI Divergence: There is a higher low on the RSI
Fundamentals:
USOIL:
The Crude Oil outlook is down, but everything is up in the air because of OPEC manipulation. A clearer outlook will appear when the price is out of the ichimoku cloud.
DXY:
The US dollar index is in a parralel channel upwards, and has not been able to break this for a year.
Actions:
Entries:
I will be scaling in my longs from 1.30258, as the price has not been able to break here for the past week.
1.30258 -> 1.28978
TPs:
I will be taking profits at these levels as this will be a long term trade ( Several Months? )
1.31690
1.32247
1.33375
1.34369
1.35242
1.36388
SLs:
if it breaks the falling wedge