GBP/AUD: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets...
📉 WTICOUSD Technical Analysis by CeoCodes 👋🏼 Hello Traders, Welcome to Technical Analysis for WTICOUSD live chart to track latest price changes & predict price movements. – Follow Ceo Codes 🎖 CURRENT LEVELS: 🟡 Key Support➔➔ 70 🟣 Resistance➔➔ 73 🎯 Target➔ ➔ 72.90 (Levels From Chart) CURRENT EVENTS: Oil broke through a months-long trading range as expectations of...
WTI - RANGE BOUND! Commodities overall since last yr are on a rise as seen on commodity index, I mean look at lumber and various others the % of return has been great and this has been increasing due to inflation, lower dollar etc. For now WTI - We are still within the range technically. Pattern: Pennant Support: 62.62, 60.30, 59.15, 57.20, 55.40 Resistance:...
Hi guys, it seem oil is about to move again, this time around I guess price will reach $76 per barrel or if price breaks below the trend line and retest it, well I might target $50 per barrel for the short... What do you guys think?
EUR/JPY: • If price pushes down to give us a confirmed second bottom and then it pushes up to give us a confirmed second top, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I...
USD/CAD: • If price pushes down to and ideally just below the lower trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing push back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will...
WTICO/USD: • If price pushes down impulsively below the upper ascending trend line of our most recent piece of structure, it does in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which...
WTICOUSD, Buy On H1. H1: - Structure: Uptrend - Tendency: Upward - Above 2EMA - MACD: Up - Candle: Bullish => BUY
WTICOUSD, Buy On H1. H1: - Structure: Uptrend - Tendency: Upward - Above 2EMA - MACD: Up - Candle: Bullish => BUY
Oil, Oil, everywhere, and not a drop to drink. Pretty obviously breakout pending. Position:April 16 $5 Call contracts at 0.60 each ($60 each). PT1 = $6.82 (sell 2 contracts of 3). Potential gain of 300%. PT2 = $8.26 = PT of 500% Stop loss at $4.44. We'd likely lose around 50% of the initial investment cost. Conviction of around 85%.
WTIUSD update. I would like to continue my analysis. Apparently, the D1ATR analysis strategy worked flawlessly. The current analysis shows the axis of the ascending wave sequence (orange line). According to the rule of wave techniques, the wave motion formed on the wave axis attempts to build a symmetrical shape on the axis. We start from this rule. If this...
Hi Traders, Crude Oil has seen some crazy gains completely supporting the V shape recovery stated at during the first and second lockdown. price is currently reaching similar levels to pre covid which bring to light the idea that oil is now well over extended. $63.5 is the level we are looking at for a rejection and for price to move lower. Thanks The Market...
Hi Traders, Oil has made some crazy gains due to the increase vaccinations being distributed. We have also more recently seen the inauguration of Joe Biden. Today we have news on monetary policy for the ECB. Due to the amount oil has gone up we would like to see a retracement to build some liquidity. Thanks The Market Sniper Team
(4h Analysis) OIL is very high to buy. wait for Dips to Buy. I sell at 50 SL 52 TP 47.5
strong rolling into 2021 possible.but a tiny drop can happen here first.