Hello everyone! Here's my take on WTI: OTE (Optimal Trade Entry) Liquidity uptake. An interesting zone. An optimal Fibonacci. No counter-trend. 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
📊 Analysis on WTI: 👉 We're at an OTE (Optimal Trade Entry) 👉 Correction is underway 👉 A SOLID Order Block 👉 We're following the trend 👉 Targeting Liquidity $ 🚀 If you liked it, don't forget to boost
WTI oil (USOIL) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 77.912 which is an overlap support. Stop loss is at 77.000 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 79.523 which is a pullback resistance. High Risk Investment...
WTI Oil is neutral on the 1W technical outlook (RSI = 51.426, MACD = -0.040, ADX = 21.884) as it is about to close the third straight week trading sideways on the 1W MA50. On this long term chart, we can clearly see that the price hasn't crossed over the R1 level (79.75) since November 13 2023. As long as it keeps closing the 1W candle under it, we are bearish...
Price break the trendline in Asia session and did the retracement at the trendline level. No decision to be taken since no confirmation or direction from the market. Decision point on the trendline if price going down then wait for retracement at the trendline. Or if price going up and breaks trendline, wait for the price to retrace at the support marked support...
Preferred direction: SELL Comment: Our previous long trading idea for this currency pair has been fully worked out. Today, we are already considering more sell trades, both for the short term and for the medium term. As for the short term, it is better to stick to scenario №1 . This is an intraday trade and nothing more. Scenario №2 is a more medium-term...
WTI oil (USOUSD) is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 78.046 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 77.322 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci...
Good evening and i hope you are well. Quote from my weekly outlook: short term: slight favor for the bulls to reverse Friday and trade above 79, there could still be resistance if bulls won’t push above with some force. bears win below 75 for at least 74 or lower That outlook was good for 300 pips. Hope you made some. bull case: Bulls got exactly what i...
Oil had a very strong daily close on Tuesday, and appears to be heading for the highs of the weekly range. My Draw on Liquidity is Tuesday's high, as well as 79.09 and 79.36. I am hunting a long setup. I would like to see H4 candles closing with rejection wicks into the H4 bullish FVG's. A close of this nature will authorize me to hunt m15 long entries.
Asia market session makes compression price, and the next session when UK session is expecting to manipulate the market. The last session US session is expected market to do the distribution/direction. The price is on the strong supply area waiting for the price to break resistance before or do the rejection on the supply zone.
Hey there! I'm selling on WTI: (Second trade) -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We have an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We are with the trend. 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
✅CRUDE OIL is going up to retest a horizontal resistance of 79.63$ Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below at 77.50$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Defying our expectations, the West Texas Intermediate crude oil rose above $75 and began to form a rectangle pattern between $76.16 and $79.25 (following a breakdown of negotiations between Israel and Hamas). Currently, the USOIL is trading near the lower bound of this range, which also coincides with the 20-day SMA that acts as an alternative support level. On...
WTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 75.867 which is a pullback support. Stop loss is at 75.300 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 77.329 which is a pullback resistance. High Risk...
DRQ shows notable Bullish Divergences on both the Monthly and Quarterly Timeframes at a 0.886 Fibonacci Retrace and is currently trading within a Falling Wedge. If the Bullish Divergence and Falling Wedge play out, I would expect to see DRQ make its way up to around $60 as a first target and around $94 as a full profit target.
In D1, price is currently making a retracement after making swing high. In the lower time frame, price is currently making sideways especially in H1 time frame. Currently price is coming back at the support area in H1 make it as a third time of retest support before. If the price break H1 trend line upward. Price may move up and the support before. There is...
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