USOIL Has exceeded the expectations I had for it 2 weeks ago. Though it didn't go down the way I was expecting, it went down. We now have what looks to be a bearish continuation setup and that is what we are looking to take advantage of. A bullish movement is expected and will likely result in the rejection of that trendline, pushing the price down.
Hello traders! ⁉️This is my analysis on USOIL. Here we have seen a change of character, this means a reversal in the market structure. Now I am looking for shorts, so I expect the price to continue the retracement and if the price fills the imbalance and rejects from bearish orderblock I will open a short position. Like, comment and subscribe to be in touch...
Based on the structure of price action. There's a potential H&S, if this plays out then we can expect movement to the downside on the right shoulder, if not, we can see price move further above that supply zone. DISCLAIMER: THIS IS ONLY A POSSIBILITY not a guarantee. The point of technical analysis is to understand structure and have clarity of the charts not so...
Trend: The overall trend is downwards as it is making a series of LL and LH according to DOW theory. Reason for taking Short Position: A formation of the tweezer top at the LH of the chart indicates the price will move downwards from here and touch the bottom of LL. TP1 is set to the LL of the chart where as TP2 is set to the next resistance level. SL is placed...
Hello traders, You might have a new chance to sell USOIL again. This time you should make a new target down to fibo 1.27 90 to setup your selling order. My last idea on wkly plan to buy USOIL failed already. This is a new plan based on 4h chart. GOOD LUCK !!! LESS IS MORE!
Hello traders, USOIL has made a strong bearish swing yesterday. Price now is staying beneath EMAS. I got this idea yesterday that waiting for a fake breakingout to sell USOIL . It happened. So for this THURSDAY, with not much expectation on the OPEC+ meeting, USOIL should just follow the new swing down to test lower supports. GOOD LUCK ON THIS SELLING...
Hello traders, USOIL is meeting a pressure zone now. The ABC wave here is a potential M head to sell. I am looking for a fakebreaking out signal to sell in later NY session. Wish luck for this plan . LESS IS MORE!
hello everybody. according to the technical analyze we can see the terminal trend in US oil. and i think the trend in 1D timeframe become weak and i see a correction potential for that. after we break out of disjoint channel that i draw on my chart we could have a pullback and after that go down. the first target for swing traders is around 93 94 and we can see a...
Since my last idea long worked and my target has been reached, i believe it is now time to short USOIL. There are a lot of resistances above, we are on top of my stoch, it needs to go down for a time before eventually going higher. That being said, i'll keep a stop loss really close in case it wants to surge higher
#usoil, 29th June daily bar made a key reversal bar, made a new high closed off the low. i was bearish on usoil from 120.40 on 14th June as well. Next bearish target is 97.00. use low risk if price retraces upside to retest supply zone area then may add further risk.
Looking for a nice strong 1H breakout, I will be going short at the retest. Targets on the chart..... Let's MILK the markets, guys. Like and Subscribe, Peace!.
We are near a strong resistance, almost touching the 0.5 Fibonacci and on top of my stoch. If we have a double top this will definitely be an opportunity for me to short, the purple arrows show some of the TP it could reach Warning, it's still bullish long term in my opinion
Oil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets. this theory has held true once more as price has broken below this MAJOR trendline. A break of structure can also be spotted as price retests previous areas of support as resistance. It looks like its time to sell as price seems to have completed the...
#usoil, oil forming weekly lower low and lower high. 109.80 and 110.80 supply zone for short, stop loss above 110.80 i.e 111.30 (more secure) for target 103.00.
Oil has been riding that trendline to new heights, but the more times a trendline is tested, the weaker it gets. this theory has held true once more as price has broken below this MAJOR trendline. A break of structure can also be spotted as price retests previous areas of support as resistance. A bearish market is what I am strongly anticipating, and sells I...
Hi friends, I hope y'all had a fantastic weekend and are ready to finish this month strong ;) Today, we have 2 possible sell trades on this baby. Last week I shared a trade idea on this instrument and we missed the trade, however, the price didn't reach our take profit point which that gave us another opportunity to catch the bearish trend. This trend is derived...
Good evening everyone; We stood off WTI this week and let it run it's course, we got caught out a few times last week trying to take some trades but they don't always work out. WTI has completely broken it's short to mid-term structure and I only think thinks it's pulling back due to weekly closures. I believe that WTI we continue bearish but the overall bullish...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. The way I told you, you have to trade like this and you will...