BCOUSD is approaching our first resistance at 70.94 (horizontal pullback resistance, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 68.48 (50% Fibonacci retracement, horizontal pullback support). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in...
BCOUSD is approaching our first resistance at 68.73 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 66.34 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might...
BCOUSD is approaching our first resistance at 68.737 where we might see a corresponding drop in price to our first support at 66.345. Stochastic is also approaching resistance where we might see a corresponding drop in price.
BCOUSD is approaching our first resistance at 68.737 where we might see a corresponding drop in price to our first support at 66.345. Stochastic is also approaching resistance where we might see a corresponding drop in price.
Key level to look out for, please refer to our 4 hour chart for a strategic view!
In this video update, we take a look at Brent Crude Oil after identifying the bullish trend on the daily chart, as the monthly retraces back to the key lows. If we expect the market to test these lows we should be looking for continued long opportunities.
Decembers ascending trendline from the end of 2018 as you can see price has closed below it, I can see consolidation within the 4hr range and support. (green) With price below this trend, along with the strong 65 area, the bottom of our macro range previously a support, now becoming resistance, i can't see this rallying further. I feel there is too much...
BCOUSD, Downtrend forming on H4?!: Sell
We have good pattern to sell BCO. 1 - we have good sell impulse movement 25 february 2 - we have good correction with 6 higher highs. 3 - we have good flat from 27.02 to 1.03 One problem - today is friday so you can catch gap at monday. But position to sell is my prefered. So lets try to catch profit right now. Sell at 65.80. SL - 66.88 TP1 - 63.65 and...
H4: - Uptrend and weakening - Test resistance and given reversal candle => Pullback !
Please forgive my elliot count. I'm an amateur.. Please, criticism is very welcome. I believe these counts are valid? Regardless, we have a perfect 'Magic Fibo' target! (See my previous ideas for magic fibo target outcomes) Volume profile seems to compliment the forecast well enough! Trade will take a long time to play out! Keep an eye out for good long...
Buy Here there is a Head and Shoulder formation Here......Happy Trading......Proudly #Abbeycity
Why to short? 4H RSI divergence. 4H,1D MACD Divergence 4H,1D H&S
Hi there. Price is forming a continuation pattern to the upside, but first price needs to complete the C wave. Now, wait for the price to hit the bottom of the pattern and watch strong price action for buy.
I recommend to be with the buyers, going up to test the supply zone indicated in drawing (red).
Hi there. Price is forming a continuation pattern to the upside, b wave is completed, so one more move down is expected, c wave. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.