During the last posts, we tracked the last leg of triple three cycle wave ((2)). Our short trades secured us a profit of 3.4% of equity during this month, as per the trades posted. We always reason in terms of Equity Points since we believe it helps in reasoning in terms of risk managment. We anticipated that, when this corrective move will be finished, a big...
I have a nice 2% risk here so my loss wouldn't be felt, judging by the forecast I have on Oil this seems like the optimum time.
WTI has bounced off a key resistance that aligns with the 61.8% Fibonacci. Price could hit our sell entry at 74.077 and break out to the down side to hit our take profit at 72.611 which is an overlap support. It is also worth noting that there is a bearish divergence vs. RSI. Any opinions, news, research, analyses, prices, other information, or links to...
My dear followers, This is my opinion on the USOIL next move: The price is coiling around a solid key level - 74.0. Bias - Bearish. Technical Indicators: Pivot Points (High/Low) anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Target - 71.6 Recommended Stop Loss - 75.0 On the subsequent day,...
Price is approaching a key support level and potentially reverse, we could see the momentum carry price up to its take profit target. Entry: 71.295 Why we like it: There is an intermediate support that aligns with the 61.8% Fibonacci retracement Stop Loss: 66.938 Why we like it: There is an overlap support Take Profit: 74.094 Why we like it: There is an...
Looking at the H4 chart, the price is approaching our buy entry area at 71.464, which is an overlap support that aligns with the 38.2% Fibonacci retracement . If the price were to reverse, it could move up to our take profit at 74.077 which is an overlap resistance. Stop loss is at 66.986 which is an overlap support. Any opinions, news, research, analyses,...
The WTI Crude Oil is being currently rejected on the 4H MA200 but with 4H technicals naturally bullish still (RSI = 61.154, MACD = 1.320, ADX = 61.771). This is due to the strong 9 day rally since the price made a bottom on the LL trendline of the Channel Down of December. The 4H RSI also got rejected on the 70.000 overbought level and 5 times out of 6 within...
Analysis USOIL : Given the break of the fake bottom and the weakness in the downtrend, I expect the price to grow to the set level. . . price: 69.30 sl: 66.30 tp: 72.00 tp2: 74.00 . . 👤 Alireza hajighasem : @alirezahajighasem . . 📅 3/22/2023
USOIL is showing us a really nice ending diagonal , consisting of 5 waves subdivided into 3-3-3-3-3. We can see that we are now in the wave A, and has a good entry at the pullback after the price break the downtrend So we can suppose that wave B is running. Goodluck and as always, trade safe!
Price is approaching a key support level and potentially reverse, we could see the momentum carry price down to our take profit target. Entry: 74.612 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement Stop Loss: 77.119 Why we like it: There is an overlap resistance that aligns with the 76.4% Fibonacci...
USOIl with target below 55$. Good opportunity for short. Retest of big H&S finished.
Looking at the H4 chart, the price is approaching our sell entry area at 74.077, which is an overlap resistance. If the price were to reverse, it could drop down to our take profit at 71.642 which is an overlap support. Stop loss is at 77.450 which is an overlap resistance that aligns with the 78.6% Fibonacci retracement. Any opinions, news, research, analyses,...
Hi Traders, A possibility for price to look for sell entry at the 70.6 area. Look for confirmation in between the 0.5 and 0.618 fib level. Entry Price: 70.6 Target Price: 66.7 Hit the Boost and Follow me if u agree. Trade Safe!
- double top - death cross between MA50 and MA100 - MACD bearish divergence
WTI Crude Oil is trading inside a 7 month Channel Down. The current rise is targeting the 1day MA50 - MA100 Resistance Zone. When the 1day RSI hits its Resistance Zone, it is a signal to Sell. That has generated 4 solid sell sequences. The target on those sequences has initially been the Rising Support from the Channel's previous Low. Target 68.50. Previous...
Looking at the H4 chart, the price is currently at our sell entry of 72.56, which is an overlap resistance along with a 50% Fibonacci retracement and 127.20% Fibonacci extension. Our stop loss will be at 74.68, which is slightly above the swing high resistance. The take profit level will be at 71.46 along with a 23.6% Fibonacci retracement Any opinions, news,...
The USDCAD traded strongly to the downside as the price failed to break beyond 1.3745 and fell beyond the support level of 1.3650. This move lower was due to a combination of the renewed weakness of the DXY but more because of the surge in oil prices. WTI traded up from the 69 price level, breaking beyond the near term high of 71.40 to reach the round number...
hey everyone, price is picking up from 66 support level and price will most likely retrace to 20ma daily which is around the resistance level of 72-73... first target is 70 resistance level for lower tf and 2nd is 72 in higher tf as my best estimation.. good luck