Bullish breakout. Continuation expected, but consolidation first

FX:USOIL   CFDs on Crude Oil (WTI)
235 0 10

- Ichimoku bullish setup gets some momentum, as average lines started to point up again, Tenkan and Kijun spike above Kumo cloud.
- Bullish Heikin-Ashi signal from important Ichimoku supports.
- MACD is close to deliver a bullish cross.
- The long monitored Inverse H&S pattern is more likely to get a confirmation, for this price has to break neckline around 50.

Based on weekly chart bullish continuation is very likely, momentum would pick up above 50 to send price towards measured target of 60.

- Ichimoku setup turns firm bullish
- Heikin-Ashi signal is bullish , with minor warning of some consolidation or a pull back from 48,50-48,80 first resistance. haDelta turns down from extreme high.
- DO NOT SHORT this market. Good risk reward trade is long from value entry point. A retest closer to 46 shd             be monitored closely for a buy signal!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out