On the H4 timeframe we can clearly see a reversal candles. When you view it from the Daily timeframe you will see that it has reach the resistance and this confirms a strong selling position.
Hey guys, I am big fan of Brent Cude Oil in the last time its a really nice trend like you can see! I wait for another long entry! "No trade recommendation!"
The price of oil is trying to break the current resistance for the 7th time and this time if it looks like it's the right one! \ Buy Brent Entry Price: 63.30 Stop Loss:62.70 Take Profit: 66.29
If the count is correct, the oil price can come down quite a bit. - 5 waves up can be counted - ending diagonal seen - bearish divergence seen
Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here. Wait for the breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the...
HERE we can see a bearish bat formation almost done , we are at the last part of it so we can short now from 62.25 and put tp 60.10 , and can put stop lost 63.20
Trade set up ‘Buy long’ on daily open with caution as current price closes above the 10day EMA with stops below the recent daily close or those with higher risk appetite, a close below the 10day EMA. Target levels of 64.30 followed by the 50% retracement of the previous major move around $68.30 and looking to add to our position as price make a new higher-high...
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.
Although we are still on the upward trend The price of oil encountered serious resistance in the form of an Ichimoku cloud! We recommend selling now Sell Brent Entry price: 61.45 Stop Loss: 63 Take Profit: 58.75
Key levels to look out for when analysing Brent Crude Oil , please refer to H4 chart for a strategic view!
Short term retracement expected for oil. - Bearing divergence - 5 waves up potentially formed already - Forming a ending diagonal of sorts
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.
Bullish sentiment has been dominating the BRENT.CMD/USD since the end of December. The commodity reversed from the lower boundary of a dominant descending channel pattern at 50.31 on December 26 and followed by an upside wave. The Brent crude oil breached the upper boundary of the dominant ascending channel at 58.49 during yesterday’s session. Given that a...
wait to see what is the next candle then You can buy BCO if it doesn't break the support line
So, here we go again with the brent crude oil forecast: Scenario 1: Oil prices could reach highs of up to $83 a barrel, which represents a resistance level formed by the descending upper trendline. Scenario 2: Oil prices could fall even lower to about $30 a barrel, which represents a 100% retracement of the previous wave. That level is also in the support zone...
Brent is back to trendline and will find support around 65$ . I think in next months price will rise gradually to last resistance around 87$.