Hi everyone. My analysis done for my main timeframe 5m. I start from higher timeframes and move down to lowest m5. As my analysis is already done, I'm publishing matrix levels also for h1 for mid term traders.
If somebody is interested in higher timeframes such as D1, W1 please let me know in comments and I will publish these levels too.
The market gives us a trend reversal signal based on a bullish divergence and the price reversal from 27.00 support. It does not mean that the market will become bullish. We can try to catch a pullback using bullish signals. The market keeps the potential to continue the main downtrend.
Entry Price: above 31.15
Stop Level: below 24.50
Profit Level: at...
The price is at a strong support zone, which could stop the falling market and pushed it upward in January 2016. How will it be this time?
From TA point of view, a reversal signal from the support zone is good for buying. But FA tells us that the oil has the potential to keep falling. It will be possible to see 25.00 and even 20.00 levels.
Buying right now is...
Today, when I opened the chart, I saw a price of $12 for 1 barrel of oil.
I remember when in 2017 I talked about this price.
We are now at the strongest support level. This is a minimum of a 35-year cycle. And according to my trading system, levels are now a great entry point into the market. But we can be...
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USOIL showed up some continued growth up to the resistance level held at $27 to $28 price level. Now the price showing up some retest after the breakout on strong ascending channel which where it...
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.