USDWTI H4 We are almost reaching the end of this trading setup, eventual target was, or is... $84.50/barrel. This ties in nicely with our D1 S/R zone as indicated on the video analysis above. Interested to see where we go from here.
USDWTI D1 Pretty much everything we are scouting out is on this higher timeframe, really trying to understand market bias and direction (USD bull continuations expected) before diving into the LTF entries (H4/H1). Nice area of D1 supply and S/R here on WTI. Targets of $85/b with a little over $2/b stops gives us over 4R potential.
A clear breakout in trend line with pull back and breakout from the triangle pattern expecting it to reach 128usd again
It seems like oil has the gumption to meet Goldman/JPM price targets of $140-$175.
UDSWTI H4 Initial area of resistance had broken, and we have made slight adjustments to the resistance price/zone here. Very clear trading zone, something I'm taking short on from the details indicated. Strong 8.5R from resistance down to support. And 3.75R to interim resistance.
USDWTI D1 Big daily timeframe here, expecting WTI to fall shorter again this week, continuing the theme we saw last week. Small spike towards the end of the week, but nothing to break the technical trend. Expecting very much the same with gold too, analysis to follow.
USDWTI D1 Mentioned about that daily close... Price confirmation is always relevant to the timeframe analysis. Especially when swing trading using these H4 and D1 zone. The ultimate buy signal would be to see an engulfing candle from support upon todays daily close. But this may ruin RR potential.
Recently WTI OIL is trading below its trend line as well as above its support price 99, price is under EMA 10. There is lack of transparency in the direction. The is a bit conjuction in signals from indicators. No trade is currently recommended. If one have opened a fresh long position than strictly keep stop loss at 92 and for the short holder 99 is stop loss....
WTI is been consolidating b/w 99-106 and avoiding volitlty since 3 days. But when you look at chart it clearly state that there is strong support and a trend line i.e helping wti sustain above 99. WHAT DOES CHART SAY FOR TODAY(INTRADAY) WTI can take a small dip again to 99-100 taking support and will sustain above the trend line underlying at 98.5 HOW TO...
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Triangle formation on short time frame, look for short entry Key Levels : 81.2 - 81.8 - we might see significant support in this zone Observations : 1 - Trendline support is drawn based on more short term basis and I think is more validated than most I've seen posted here as there has been numerous bounce from it as indicated in the chart 2 - Current formation...
Is it going to make a Head and Shoulder pattern? Let`s see what is going on in the next move ... . . Comment your opinion below & Follow me for more!
USDWTI H4 Still in that lower low lower high sequence as highlighted in the above rundown. The first trading zone offered just 1R, enough to bullet-proof and eliminate risk. Price pushed beyond resistance and we are now back on that 71.50/b. If we see rejections from here, we could trade back down towards sub 70/b and respectively 65.
Close To Trend Line Resistance And Has A Potential To Reverse For Small Target Enter After The Breakout Of Trend Line
USDWTI H4 This setup is still valid, we are still within that latest lower low and lower high sequence, we just popped higher above our H4 trading zone. Looking for a break of 71.00 and subsequent retest of 71.50 on the hourly to allow for the break and retest play on the hourly timeframe.
USDWTI H4 More major corrections are being seen now, as we pinned into that yearly high price of 76.60/barrel. Minor break and retest play was being seen as we trading amongst our interim zones. However, a healthy correction to see us pullback between our 50/618 fib support would tie in nicely with previous S/R and could set us up nicely for a long position...
my algorithm sees this setup WTIUSD going to 63 everything is planned
USDWTI - Testing support and Resistant.