The market is not in a convincing sell mode, and this is because ongoing crisis. This may always have surprises and that is why caution always advised. The stochastic is positive, but the MACD on weekly chart is little negative. The triangle formation provides insight which way we will go. The shape usually indicates lower levels to be seen. As long we are...
Expecting bullish price action on USOIL as price makes a rejection move from 95.00$ price area bullish orderblock both on H4/D1 + weekly lows that has been raided meaning a lot of stops were liquidated, i think we will see buy side liquidity being hit this week if we have enough volatility. What do you think ? Comment below..
The move down is starting slowly, and we are below the cloud, which is a bearish signal. Secondly, we are within a triangle formation, and this itself does not state which way we will go, unless we break either side. The key on downside is below $ 93.00 to ignite a move to $ 75.00. The upside is protected by 103.50 area. Since we are below the cloud SELL is the...
We know how istitutions and people in general are moved by emotions, and chart partherns most of the time will USOIL behave in the same way? There are few events in the Economic Calendar for the next week previewing a rally on the dollar, which may cause Oil prices to plunge a bit
We are in a triangle formation and the base is $ 95. The resistance is $ 106.50 rounded. Based on stochastic and MACD we are negative and I feel we have a great chance to see lower levels and to test $ 95. For now SELL current 103.00-104.00 but place stop-loss at 107.50 for now to be on safe side. Profit order @ 95 and on break re-sell and place stop-loss 98.75.
We are close to breaking below the cloud, and stochastic are negative. It starts feeling heavy and am inclined to continue to believe in lower levels. we should see re-test $ 92-90 and maybe even $ 84. Strategy is SELL current levels $ 102-105 (yesterday even $ 107). Stop-loss same $ 111.50.
No change in view, and as suggested we should be adding you our SELL we had $ 102-103. The SMA strength indicator turning lower indicating we are weakening in trend and that buy side is not strong. The MA we broke through as well as note. I suggest stop-loss above $ 111.50 for now. Profit order $ 89.
USOIL is tested it's supply zone and now it is rejecting it. If it fall from the current price then we can see further down fall. Better to look short on USOIL as it make highest price.
No change in view. Someone commented stating its going up again. Perhaps they are right and I am wrong, but that makes the market of course. We are still below cloud levels and the signal line of Ichimoku starts moving lower indicating there is pressure to downside. The SMA strength Indicator is weakening and also we are below 9-MA period. Since the trend...
We have managed to move little higher from the lows $ 95. The strategy should be changed, and take profit current $ 101-102 and start a short position is the way the pattern starts shaping up. The SMA strength indicator has a broken negative 9-MA period, and this suggest furthe consolidation and since we are on the lower end of it, it is likely we may see lower...
📉 Expecting bullish price action on USOIL as price takes out sell side liquidity below weekly lows 93.90. I think the strucutre will shift from bearish into bullish from there and we will see 106$ level hit asap What do you think ? Comment below.
📉 Expecting bullish price action on USOIL as price takes out liquidith below the weekly lows + rejects a bullish orderblock area on H4. We are bullish from a fundamental perspective in my opinion. The targets for this week if we have enough volatility would be somewhere around buy side liquidity area 109.000 old highs liquidity. what do you think ? Comment below..
So Biden is saying that they’re going to release oil into the US market for the next 6 months. So what that tells you is we’re going to be selling usoil for the next 6 months. Coming Monday you’re gonna have its retrace. And it’ll come up once and this is going to be your base period pattern on the daily for the next 6 months.
USOIL - Looking for price to take out the liquidity its currently building by wicking into the low before rising to fill imbalances and the gap above. Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy...
hello guys , short term at least Short opportunity I am seeing in USOIL , be careful with your risk / money management before getting into trade this is not any financial advice, trade at your own risk
The idea is still unchanged and the SELL happen @ 110.00. For now profit order placed $ 96. The new trades shall sell into $ 109-110 window and place stop-loss $ 116-117. The profit order same 96.00 for now.
📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre on a D1/H4 market strucutre premise, price filled a bullish imbalance on h4 and rejected a bullish orderblock that should act as a valuable area of ,,support, if you will. We have strong bullish momentum, and i hope for a strong bullish closure on H4 that could sign a potential...
📉 Expecting bullish price action on USOIL as we are in a bullish market strucutre from a H4/D1 perspective, price is rejecting right now a bullish orderblock area on H4 this area could act as a valuable area of support if you will. Another reason why i think we go higher from there is because price has a lot of bearish imbalances near 120$ area that are still...