#COMMODITIES #TRADESETUP
📡🔞 TRADE $BRENT
🔽 LONG (BUY) > 76.20$
❌ STOP > 75.10$ (1.18%)
✅ T1 > 93.32$ (RR 19.31)
✅ T2 > 119.5 (RR 48.41)
☠️CAUTION !!!!
2 IMPORTANT INFORMATION TO TAKE INTO CONSIDERATION:
> THIS IS A MT/LT TRADE. REGARDING THE SETUP. JAC IS DONE AND WE ARE WORKING ON THE EXIT. PIV D (76.47$) MIGHT BE THE KEY.
> IF WE REINTEGRATE THE FORK (BACK...
Based on analysis of UKOIL's all-time chart from year 18xx, I believe it to be in a massive Flat correction. With Wave A of the Flat stretching down from $145 to $16, this gives implication that Wave B is likely to move up to the range of $331-$557, likely before the year 2030 arrives. RSI divergence on the monthly chart should also be present during the...
Brent Crude Oil : Multiyear(2015-2022) inverted Head and Shoulders triggered at the beginning of this year. Price broke the major downtrendline and subsequently iH&S neckline at 87 (lime) and then skyrocketed to 138. Now pulling back down to the neckline. We could actually see the backtest of the major downtrendline and dip into the S/R Zone 76-68. This would be...
Wimoweh, wimoweh, wimoweh, wimoweh
Wimoweh, wimoweh, wimoweh, wimoweh
Wimoweh, wimoweh, wimoweh, wimoweh
Wimoweh, wimoweh, wimoweh, wimoweh
In the jungle, the mighty jungle
The lion sleeps tonight,
In the jungle the quiet jungle
The lion sleeps tonigh
Wee heeheehee…–
… – okay, let’s stop here before we won’t be able to get this song out of our heads. We should...
Here is my latest structure analysis for WTI Oil.
Resistance 1: 69.9 - 73.3 area
Support 1: 61.7 - 66.0 area
Support 2: 57.3 - 58.5 area
Consider these structures for pullback / breakout trading.
❤️Please, support my work with like, thank you!❤️
Now the situation that fundamentally pressures the price of oil , it is the sale prices of oil from Russia, and this is a trigger for the market, for a further decline.
Now we are moving in a range of 83-69, breaking through the upper level will mean for me, reaching the liquidity zone, collecting stop losses and continuing the move down
Best regards EXCAVO
USOIL is showing us a really nice ending diagonal, consisting of 5 waves subdivided into 3-3-3-3-3. We can see that we are now in the 5th wave so we can look for a reversal trade.
The equation we are working with is the following:
USDCAD inversely correlated to USOIL.
Anticipating USD weakness during FED = USDCAD bearish = USOIL bullish
We are anticipating...
UKOIL 8hour chart review/outlook. Broke key s/r recently
so expecting weakness next 4-8 weeks. Previously compression
intro triangle pattern and sequence of higher lows was
invalidated recently with break of 83.50 USD.
sequence of higher lows at 76.50 and 79.85, but broke
down with recent sell side pressure mounting due to
US banking crisis. Based on measured move...
On a today's live stream, we discussed WTI Oil.
The price formed a tiny double top pattern on 1H time frame,
approaching a wide supply cluster.
Its neckline was broken.
I expect a bearish continuation to 70.9 now.
❤️Please, support my work with like, thank you!❤️
CRUDEOIL intraday trading alert
3 simple steps to find a quality setup !
Risk Reward Ratio 1: 2
Anyone same idea with me?
BUY Crude Oil
Good luck traders..
CRUDEOIL intraday trading alert
3 simple steps to find a quality setup !
Risk Reward Ratio 1: 2
Anyone same idea with me?
BUY Crude Oil
Good luck traders..
WTI Crude Oil reached a key daily structure resistance.
The price formed a tiny little double top on that on 1H time frame.
Its neckline has been just broken.
The market will most likely keep retracing.
Goals: 79.9 / 79.6
❤️Please, support my work with like, thank you!❤️
Wave (2) in crude is taking shape of a wxy structure where only C of y is left. I count 1-2/1-2 from 23/02 low. I expect to see a strong move at least to 90, then pb in 4 to 88, then up again to 94 target in 5 of C.
Here are the key levels for you to watch next week on WTI Crude Oil.
Resistance 1: 79.8 - 80.6 area
Resistance 2: 81.75 - 83.5 area
Support 1: 72.3 - 73.8 area
Support 2: 70.1 - 71.5 area
Vertical Support 1: major falling trend line
Consider these structure for a pullback/breakout trading next week.
❤️Please, support my work with like, thank you!❤️
Hello guys!
we have 2 scenarios for USOIL
Scenario 1
if the daily resistance line will broken, i will buy in retest 📈
Scenario 2
the key level will broke and we will see a huge Bearish move!
...
if you agreed with this IDEA, please leave a LIKE, FOLLOW or COMMENT!
