WTICOUSD came in major resistance zone. It is fibonacci 50% retracement.
Oil have , in my opinion , the cleanest form of reversal patterns, and its playng out ! We have ascending wihtin ascedning (double confirmation, stronger probability for drop ) This is definitely on my Watchlist for next week.... First target on bottom trend line , then scale-in and trail stops all the way to low where ascending started.... Even if 1$ per barrel...
Orders are accumulating and I expect the price to keep moving up until it tells me otherwise. Ideally a break below the range with signs of reversal would trigger a long position.
H4: - Structure: Uptrend - Break resistance - Above and pullback -> waiting signal=> BUY
H4: - Tendency: Upward - Above support - Candle: pinbar => BUY
The wedge broke so expect price to move towards the two target boxes. After we hit target 1 move stop loss to break even.
The wave of the exchange rate (green line) is rising, so I assume that it is moving in the long run. The slope of the ATR axis (white line) decreases, leading to corrective movement. The WTI correction level is 52 usd. I'm looking forward to testing this back.
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
H4: - Structure: uptrend - Test trendline - Weakening -> Pullback -> Waiting signal=> BUY
WTICOUSD, Buy on H1. - Continuous upward
After a long accumulation range that end last quarter of 2018 , we saw a breakout with the price reaching the mid seventies. This was our first indication that a trend is about to begin. The price then pulled back into the buy zone(75-87.5 fibs) and produced a buy pivot. Good stopping volume came into halt the price as it move back to the center of the...
WTICOUSD, Sell on H4. H4: - Tendency: Downward - Below resistance daily
Buy Crude oil in green zone TP 57
Potential Short on Crude Oil and USOIL. Target (4) or 61.8%.
FOMC in yellow EIAs in light red Still bearish AF this year but looking for perfect short