arif_awan
Short

This time Oil will break rising wedge to fall sharply!!!

FX:USOIL   Crude Oil (WTI)
878 14 22
6 months ago
Holding above Usdcad             is clear signal oil             will soon drop!!!
6 months ago
Comment: there is bullish divergence in overall trend on USD against other currencies, so USD will go further up... don't panic you will be profitable.
6 months ago
Comment: MACD crossed in H1...tomorrow gonna be big bearish impulse.usdcad is ready to fly after retesting broken structure.
6 months ago
Comment:
snapshot
6 months ago
Comment: after daily red candle from this level definitely pointing bearish move,
6 months ago
Comment: Wohooooooo :)
6 months ago
Comment: i am still expecting the same ,,,, it could be fake breakout and spike at the end.
6 months ago
Comment: daily pin bar is coming after tomorrow's closing.
6 months ago
Comment: well well well, as I updated yesterday, daily pin on today's closing, what else you need to be short on this.
6 months ago
Comment: what a fight!! wedge is getting narrow for breakout and sharp sell off.
6 months ago
Comment:
snapshot
6 months ago
Comment: hahaha, come on oil.
6 months ago
Comment: one more down move will break this wedge .
5 months ago
Comment: finally wedge is broken, next week will be possible red candles on the way.
5 months ago
Comment: ready for secondary short.
4 months ago
Comment: target is almost there.
lukelehepuu PRO
6 months ago
Nice short idea on this! I am also looking to get short very soon :)
Reply
arif_awan
6 months ago
thank you luke. really appreciated your feedback.
Reply
andrej123456
6 months ago
how can you know that guys ? dollar index is streghtening and oil still rising on supply deficit
Reply
arif_awan andrej123456
6 months ago
and canadian dollar is droping too,,, soon oil will drop sharply ,,, its just a bull trap. i don't really know dollar index relationship with oil prices.
Reply
andrej123456 arif_awan
6 months ago
I think USD / CAD was going down I think because dollar index was going down, now dollar index is going up, and i think will keep it up so USD/CAD will be rising as long as dollar index will be rising. If only market was involved in the crude oil price creation it would not dropped under 45 USD per barrel. http://www.bbc.com/news/business-29643612 old article, but doesnt miss the REAL point of this.
Reply
arif_awan andrej123456
6 months ago
there is bullish divergence in overall trend on USD against other currencies, so USD will go further up... don't panic you will be profitable.
Reply
Josef2016 PRO
6 months ago
I think maximum drop will be about 45$.
+1 Reply
arif_awan Josef2016
6 months ago
yea lets see,,,,this is important area,,, if price start droping it could fall more.
Reply
telepatico
6 months ago
What is the time frame on this chart? daily?
Reply
martinlhansen78 telepatico
6 months ago
Yep. D for Daily :) (see the grayed out background text)
Cheers
Reply
arif_awan martinlhansen78
6 months ago
thanks martin for clarifying.
Reply
TRADER727 PRO
6 months ago
beautiful :)
Reply
arif_awan TRADER727
6 months ago
thank you trader, hope you had good trading week.
Reply
arif_awan
6 months ago
could be false breakout on old chart, but this could be true story.
snapshot
Reply
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