And so, in order to establish a downtrend, sellers need to be at least confidently holding back the resistance 1769.045 - 1794.835. Buyers will try to penetrate up through this area and prevent breaking down through to 1700, which will mean full capitulation of buyers.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
And so, the Euro is checking for strength to the support level 1.17000, which is very likely to be broken down. The next support is at 1.16665.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
And so, the downtrend movement is expected to continue in the short term. The price is in a downtrend channel and has dropped below the level of 1769.045. Taken together, this promises the price to hike down to the level of 1747.380.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
And so, in the near future, it is expected that the price will remain under pressure from sellers. The price area 0.72385 - 0.72695 is the resistance from where the AUDUSD would aim to 0.71650.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
And so, the coin is still in the same trade range. Buying mood persists. A slight resistance located in the area of 44080.95 - 45241.90 should be passed in order to hit the target at the level of 47932.50.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
After testing the support level and the lack of desire to go down,
Brent crude oil continues to grow and rises to resistance for a possible retest of the level.
I expect a slight pullback before the breakout and further growth to the far resistance level of 77.88
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Thanks for...
And so, the currency pair is still under sellers pressure. The resistance area is the range 1.17530 - 1.18600. The closest support level is the level of 1.17000, where buyers can remind of themselves.
Remember, there is no place for luck in trading - only strategy!
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Thought of this as I saw the further-out Dec'22 & Jun'22 6-months spread flipping through the closer Jun'22 & Dec'21 ; the historical examples are given in the chart in green circles.
Seems like oil is looking higher from here as per the indication of the attached chart.
Let us see how this unravels.
Hey traders,
WTI is approaching daily/intraday zone of demand.
To catch a bullish move with a confirmation,
watch a double bottom formation on 1H.
71.1 - 71.5 is its neckline.
Wait for its bullish breakout (1H candle close above),
they buy aggressively or on a retest.
The first goal will be 72.9
In case if the price...
And so, the price is in a downtrend channel. The resistance area is now 1769.045 - 1794.835. Gold recovery is highly unlikely.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
And so, oil is definitely on a strong rise and opening sales can be very, very risky business. But the situation that has developed suggests that the oil can adjust and then may be further go up again. For this scenario, the price needs to dive below the 73.55 level.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
UKOILSPOT is on a bearish momentum and is approaching our pivot and entry at 74.21 in line with 50% Fibonacci retracement and bearish trendline . Price could potentially bounce off and dip to our area of take profit at 72.73 in line between 161.8% extension and 61.8% retracement . MacD and Ichimoku clouds are supporting our bearish bias. Alternatively, our stop...
Technical analysis on WTI Crude Oil.
Key levels & directional bias.
Trading recommendations & thoughts.
❤️Please, support this idea with like and comment!❤️
Trade: Short (after the breakout)
Target 1: $69.5
Brent price broke a global declining trend in 2021.
We expect Brent's price to reach at least 80$ in the middle term, but before that, it needs to cool down a little.
The price is moving in the declining channel and at the moment we expect it to reach the middle line of...
Hey traders,
Have you seen this bullish trend line breakout on WTI on a daily?
Moreover, the price broke intraday local horizontal consolidation area
confirming the strength of bulls.
Now the broken expanding area between range's resistance and major daily trend line composes the demand zone.
If you missed buying...
And so, BTCUSD is expected to recover to the level of 47844.60. This recovery could potentially last up to 49627.00.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
