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The Beast!Last week was a very interesting week when it comes to oil. Friday 14th weirdly stalled for ages before finally breaking into the next box above. It did this with a 1 hour candle 4pm. (UTC) This candle was then rejected back out of it only for the 5pm (UTC) candle to explode through. The first signs of Blue candles in the hourly timeframe were the 13th 13:00 (UTC) and the 14th 09:00 (UTC) giving us indications that the Bull was going to get their way. This close in the box above, as mentioned in the previous post would signal a journey to the end of the box. We had to wait another hour for the 4 hour candle to close and make sure of the continuation. All of Monday and Tuesday so far have taken us to the top of the box at 85.7. Where do we go from here? We are definitely holding some longs from 83.5 but have equally enjoyed some short scalps from 85.7 ($0.70 and $0.40) and will see if this gives us a meaningful short from here. We are also looking out for a kind of behaviour where the highs that we are at get broken, we see a new high and then it plummets. The main thing we are looking to see is if we get yet another 4 hour close in the next box as if this happens we have a very strong chance of going to $88 but at the level we are at price can go whenever! |There has been a Blue Vector candle at the top in the hourly timeframe. Recovering the Red Vectors from 25102021 this is a bullish indicator. But the main thing that will mean Oil is still Bullish is if the daily timeframe is embedded on the RSI. Once the embedded is lost in the daily timeframe that will be a good indicator that we have a meaningful short coming. Keep the short scalps short and sweet, hold longs from good buy prices and always be ready to switch to plan B or C at anytime when trading Oil! Good luck Guys! This is not financial advice and should be taken with a pinch of salt
TVC:USOIL
by Squeeezy-Trader
ADA DOUBLE BOTTOM BULLISH ON WEEKLY CHART **LONG**ADA/CARDANO Looks to have a comfortable position settling around the $1.30 range. With recent trends and other Bullish movements, Cardono seems to be finding support and beginning its upward momentum back up to its previous all time high.in the next few weeks. Looking at a possible $2.90 area. And a retrace back to $1.97. Remember this is a LONG entry and becoming rich and famous doesn't happen over night. This also is just my view and not financial advice. Good luck and Happy New Year!
BINANCEUS:ADAUSDLong
by Brother-Doug
EURCHF Trade PlanIf you like my analysis please like and hit the follow button. I need your encouragement. EURCHF has has been on a decline since it formed a high at around 1.093 in mid-September. The price action however has seen a lot of slowness in the bearish trend as momentum has been diminishing of late. Over the past three weeks we have seen price ranging behavior. We have a break of a major swing to the upside preceded by what appears to be price sweeps of lows. We may be in a great trade if we see PA on LTF as indicated in the chart. We want to see clear intent of price breaking upwards with strong momentum and a slow retrace to the QM level for the buy setup to be valid.
Long
by theforexhighway
Amyris impulse wave breakout from downward channel ENG/GERENG Currently, the price is in wave 2, ABC correction. The correction phase I suspect to 9.20USD Should the price fall below the 9.20USD would still be a support at 6.10USD to expect. At 9.20USD or 6.10USD I expect the beginning of the impulse wave 3 which could rise between 44.10USD and 65.21USD. My primary target is here at the 62.21USD, from there I expect at the latest with an ABC correction to 26.08 USD. The rise of wave 5 I see up to a maximum of 121.74USD The red lines serve as resistance lines. The green lines are the price targets The orange lines are the support lines of the current correction phase. Alternative scenario: If the price falls through the 6.10USD I expect a rebound on the upper line of the trend channel, here I expect a final support to the upside, if the price also falls below here I expect further downward movement. Amyris Ausbruch durch Impulswelle aus dem Abwärtskanal (ENG / DE) Aktuell befindet der kurs sich in Welle 2, ABC Korrektur. Die Korrektur Phase vermute ich bis 9.20USD Sollte der Kurs unter die 9.20USD fallen wäre noch mit einem Support bei 6.10USD zu rechnen. Bei 9.20USD bzw 6.10USD rechne ich mit dem Beginn der Impuls Welle 3 die ca zwischen 44.10USD und 65.21USD steigen könnte. Mein Primärziel liegt hierbei bei den 62.21USD, ab dort rechne ich spätestens mit einer ABC Korrektur auf bis zu 26.08 USD Den Anstieg von Welle 5 sehe ich bis maximal 121.74USD Die Roten Linien dienen als Widerstands Linien. Die Grünen Linien sind die Preisziele Die Orangen Linien sind die Supportlinien der Aktuellen Korrektur Phase. Alternatives Szenario: Fällt der Kurs durch die 6.10USD rechne ich auf einen Rückfall auf der oberen Linie des Trendkanals, hier rechne ich mit einem letzten Support nach oben, fällt der Kurs auch hier drunter rechne ich mit weiteren Abwärtsbewegungen.
ALong
by Highrisk221
7
GBPUSD +9R Trade - Supply Demand, Liquidity, ExplanationVery nice Trade that I took today. This is actually the way on how to approach your trades by looking at the options that the market is giving you. In this case I was not sure which Demand Zone the market will pick so I decided to use all 3 Demand Zones. The first was activated and ran into profits. Then I secured the position by moving SL to entry which was a very important decision. We do not want to risk our position if we know exactly that the price can use the liquidity below us. And this is what the market did at the end. What do you think about this approach?
by DariusFxTrading