USOIL is going though a pullback phase, currently at 50% retracement and at 3.3 days' average price. Bears gapped down the grey shaded area around 6950, as long as the bullish gaps below are still open, bullish continuation has better odds. Upon closing higher than 6950 gap area, entering long with stops below 6920 seems reasonable, 2R-3R targets ahead.
if price breaks and closes below the support this flag pattern trade will be good to execute taking profits at the next support level in blue at 0.96603
Trend continuation. Price has respected the 8EMA along with a potential cross on the MACD Orders set at 1.57270 level Will update if orders get filled
Hello Traders, The Pair seems to be playing within this upward channel. The goal is to enter at the bottom of channel and ride a quick wave up to the top of the channel - whiich coincides with the beginning of the recent hard fall. Caution turbulence on the way out - many fakeouts in the middle of the channel as we go through resistance bands. Good luck
USOIL is seemingly done painting a pullback pattern. It reached 0.618 retracement level of previous bear leg, as well the 0.236 fib extension is pointing to the same level. If this market continues with the recent downtrend, these two levels should attract supply and a break to previous lows can potentially occur. The inside fork's MLH on bear impulse move pivots...
As we see, the BTC just had a all time high, and if the pattern repeats, we can look into the future. If I am right, then we will see one, or two days more of correction, and then the price should rise again. So best would be to, of course, to buy low and sell high. These are only my thoughts on it, so if you don't agree, don't trade it, since it is your only,...
Price action reversed from recent resistance turned support in the 4HR chart. so far bull momentum is strong as euro buyers takes advantage of ECB tapering expectation. Further Aussie weakness is forecasted today as Australia's quarterly Private Expenditure data is released. Buy: 1.5085 Take Profit: 1.53 Stop Loss: Below 1.50 is ideal. Read more: forex.today
Trend goes on and a downsloping flag is on the way. 0.236 Fib level give us a nice support. Good luck bros! best wishes, Jonathan Marin
Observe the descending triangle with the symmetrical triangle signaling a trend continuation..expecting a breakout on the price battle side followed by a strong , bearish trend. Look up the volume!
Hey Guys, The pair formed a trend reversal pattern and made a nice bearish candle which broke the trend line and closed below the trend line once we see a continuation on the lower time frame it will head south.The continuation is just a confirmation where its gonna head next.Be patient and take this trade because it has huge potential to the downside. Note:...
Hey Guys, The pair is forming a trend continuation on the lower time frame.Remember guys we are in this trade from the top now we need to find the perfect exit for this trade once we see a breakout of the trend line we will hold the trades,If we see a continuation to the upside with nice bullish impulse that the time we exit our trades without any...
Hey Guys, The pair tested the resistance trend line & made a continuation to the downside.The fastest moving currency is currently moving slow.But if we are in this trade we wont regret "This pair has huge potential to the downside".I hope you guys dont get bored reading the same stuffs.So i have a sell setups here look for continuation on the lower degree to...
Looking to Sell CADJPY at current price. This should play out as a long term setup.
hey guys, The pair is forming a trend continuation pattern to the downside having strong potential southwards.Wait for confirmation on the smaller time frame for the perfect entry.Current we see that the bias is bearish & the pair is in a downtrend of the corrective structure.Another entry can be on the breakout if you are a breakout trader both strategies work...
Hey Guys, The pair is Inside the corrective structure & a short term upside move is possible I will be updating this pair on the smaller time frame so that you guys can see that it is forming a trend continuation pattern which is the ABC corrective structure & that move will complete its corrective structure & we may see a strong impulse wave to the downside.Very...
hey guys, The pair is consolidating by making a corrective structure to the downside we are expecting more downside on these pairs they have huge potential trade setups and the bias remains bearish.The pairs are inside a bigger corrective structure of ABC this week we are expecting a completion of wave B & from next week we would be looking to buy the wave C....
hey guys, The pair is forming a trend continuation pattern and move towards the south.I have been following this pair for quite along time and here we got a continuation which is a smaller continuation compared to the previous bigger which got a break below so we were not interested in selling.this is a good time to enter the trade and make some money on this.On...