Oil price is seemingly getting bid at the important 315º @ 5770. Long entries from here with potential targets of 5890, a 45º movement and 6010, a 90º movement. The context to the left dictates a short, but we are going against the tide here to capture a decent return on minimal risk of 30 ticks.
Hope this idea will inspire some of you !
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Hello everyone, i saw an opportunity for the XAUUSD, is making a perfect disjoint angle, and i expect a good percentage for this year. I'll use channel oscillations for maximizing profit, and then I'll do a very big short operation with 2x leverage. In the end, a 40% is expected.
Its A Rare Pattern So Be Aware That After US-CHINA Negotiations And The Optimistically Result We Can Expect Rising Strength Of USD Next Week
So First Target Is The Daily Resistance That Has Been Shown In Chart After Breakout And Retest We Can Take Profit At 110.050 Or More Up to 110.300
Seemingly oil has run into the supply area via profit booking. The traders are reducing short risk exposure and are likely to enter for continuation on a pullback. The fading short setup looks valid at this point. However, in the context of the recent price action, the probability of this trade is not the best that we could have.
Here is a monthly gold chart squared to ATH. As illustrated, the gold price soared to the 15º angle line coming down from the ATH, and this is expected to attract some supply around this level. There's an increased risk of downside for long position holders, and significant reduction of short risk exposure might ensue if there's a sign of demand failure here....
Here's a longer term outlook on USOIL with potential supply and demand areas. For now, oil is seemingly set to test the overhead supply area highlighted with fib horizontal levels and sloping-down angle lines. Depending on the reaction upon meeting these levels, the lower demand areas might come into play. Looking to add to short risk exposure for another bullish...
CLN19 is seemingly approaching a demand area near the psychological $50 mark. The 45º line coming from 0 of the previous major high was touched yesterday and this is expected to support the price around this level. Looking for long entries seems reasonable at this point.
CSCO is one of the very few Dow 30 components at a NEW all-time high. CSCO is riding on new technology in 5G and other areas. The gains are slowed down by some selling but the steep angle
of ascent has continued. The stock is poised to shift sideways ahead of its earnings report date.
USOIL got rejected around the old gap area of 5480-5520 that is highlighted on the chart. This resistance area is a significant one, overcoming it will open the way towards higher targets for bulls. It will also validate the inverse head and shoulders pattern noticeable on higher timeframes. Bears were quite aggressive in pressing down the price and managed to...
This 3 day charts shows basic retracement levels, percentage increase levels from the current low and angle relationship based support & resistance areas. So far, the oil market saw a sharp surge from the low $42, a longterm demand area, and currently it seems there's still some room for further upside. This move up can be regarded as a retracement leg within a...
Good day Traders
The H&S is still playing out from my previous post with a stunted 38.2 fib retracement to print the right shoulder, although I still expect another wave up to complete it. The downward sloping flag from my previous post seems to have turned into a right-angled broadening wedge as we found support at the same level as 13 Jan. Yesterday's drop...
Apparently another fading short opportunity here. Pending price action confirmation and invalidated if price proves itself bullish beyond the angle line. Level of interest ≈ 5265, a 70 tick stop and 1R-3R targets.