trade scalp on wti tp 20 to 30 pip and after 20pip risk free no stop but You just have to follow the capital management You will enter one tenth of the capital Consider the spread
Hi Traders! Our range zone support on US OIL refuses to be broken, and we are heading back towards the 74.72 range zone resistance level. Previously, we spotted a possible triangle break to the downside with a dragon fly doji candle pattern (LINK TO IDEA BELOW), and one of our rules to confirm the break was a break and close below the range zone support at 66.88,...
USOUSD is rising towards a key overlap resistance and could potentially reverse from here. We could see price drop down to our take profit target. Entry: 72.782 Why we like it: There is an overlap resistance that aligns with the 100.0% Fibonacci projection level Stop Loss: 74.377 Why we like it: There is an overlap resistance that aligns with the 127.2%...
For Thursday, 69.55 can contain session weakness, above which 72.80 remains a 2 - 3 day target able to contain buying into later week, and the point to settle above for yielding the more meaningful 77.20 within 1 - 2 more weeks. Downside Thursday, closing below 69.55 signals another test of 67.08 within several days, able to contain weekly selling pressures...
Looking at what the price did in (A)(B) section I think there will be another minor decline before the take off.
Preferred direction: BUY Comment: The long idea for oil has been working out very well and after completing the planned path earlier, the level of 77.39 opens for the buyer. A rather difficult obstacle for the buyer, because if not for it, then the price could rise above 78 from the current ones on the impulse. Therefore, in the near future, an approach to...
Oil and precious metals may be rallying together today.
Based on the H4 chart analysis, we can see that price is falling to our buy entry at 69.44 which is an overlap support. Our take profit will be at 71.30 which is an resistance level. Stop loss will be at 67.56 which is just slightly below 78.6% Fibo retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’,...
This is from my previous idea originally about US Oil .I mentioned this pattern in my live stream and it can be shaping up to start down now
Preferred direction: SELL Comment: Despite the fact on Friday the downward impulse after breaking out the lower border of the balance did not take place, the priority of sell remains. However, the action plan has been slightly changed. The most potential sell should be considered at the upper border of the current balance, most likely in the format of a false...
✅WTI OIL broke the key Horizontal level of 69.7 So out local bias is bullish And I think that the price Will go further up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
If you wanna take a trade on Crude Oil, maybe, before that, you need to conisder this KeyLevels of support and resistance areas. Careful with longs until on daily is still bearish / downtrend
The price have completed the previous correction with ending diagonal marked as wave of ii and now is tracing impulse waves on 15 min timeframe.
Oil has been treating previous month's 50% level as fair value. Simple fib level retracement from last Thursday's expansion. Confluence of last month's 50% acting as f value + 70.00 key level + 50% fib retracement level 300 pip drop to previous week's low. Keepin' it simple.
xop, might have more room to the downside. It is not yet showing a 5-wave up. We might see a retest of wave 4 untill we can call the correction completed.
In crude oil trading today, we made good profits in the trading strategy of shorting crude oil in the 70.6-70.8 area twice. Judging from the current structural trend, crude oil will maintain range shocks in the short term, and fundamentally still maintain a short position. Although the inventory data has declined for two consecutive weeks, the pressure on the...
WTI Crude Oil is approaching the MA50 (1d) again, the 3rd time this month and fourth since May 24th. All tests have resulted in rejections and another one may confirm the emergence of a Channel Down. A closing above it though, targets the MA100 (1d). Trading Plan: 1. Sell near the MA50 (1d). 2. Buy if we close a candle above it. Targets: 1. 67.15 (previous...
The Bullish Shark Pattern has formed on the 4-hourly chart. It is a retest of entry; the setup looks legit, its potential returns tempt me If you are interested in getting involved, the entry price is at EP: $67.67(buffer $2.50) ISL: $66.55($-1.12) TP1: $70.31($2.64)2.35 TP2: $72.15($4.48)4 Do your own analysis, and do not follow blindly. At 9.30pm(SGT),...