Missing leg will take Oil to new highs before a correction on a bigger scale will occur, im looking to short the Oil when it hits new highs with tight stop losses and a previous wave 4 target.
The oil is supported by reports that Saudi Arabia lowered its November export oil prices for Asia, the Mediterranean countries, Europe and the United States. Also, a positive factor for the oil market in recent days was the decision of the OPEC + states to maintain the previously adopted plan to increase oil production, despite the growth in demand amid a sharp...
It's looking for good short trade. Price near at strong resistance $76.XX. Goodluck
USDWTI H4 More major corrections are being seen now, as we pinned into that yearly high price of 76.60/barrel. Minor break and retest play was being seen as we trading amongst our interim zones. However, a healthy correction to see us pullback between our 50/618 fib support would tie in nicely with previous S/R and could set us up nicely for a long position...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
There was no negative news for the oil market following the September Fed meeting. Interest rates and asset purchases remained unchanged, although the rhetoric continued to escalate. In particular, the Fed announced its readiness to make a decision to start cutting the asset purchase program at the next meeting. Additionally, an increase in expectations for the...
As you can see from my weekly chart, price is within a multi-year S/R zone. The daily chart shows repeated attempts to break above the zone since end of June, but failing each time. IMO, we are witnessing another effort by the bulls and we will likely see them fail again. I will be looking for a daily close below the zone, it will also be important to see this...
And so, oil is definitely on a strong rise and opening sales can be very, very risky business. But the situation that has developed suggests that the oil can adjust and then may be further go up again. For this scenario, the price needs to dive below the 73.55 level. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, oil is at a key point. However, oil is expected to fall to 70$. There is a strong support zone at this level. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
As you can see from my daily chart, after reaching a high in early July, this pair is forming a sequence of lower highs/lower lows. The recent high of 76.53 is actually a double top (scroll back to 30 Sep 2018). After bouncing off the support at 61.700, we had a pullback to 70.500. This level (area) acted as minor support/resistance during the past few months....
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hi Traders, USOIL weekly: There is bullish pin Bar Daily: An inverted head & shoulder is visible 4 H: The price has created an inverted head and shoulder pattern and also the price is just above a daily important support. Speculation: It is likely that this instrument may break the symmetrical triangle above and start to uprise. Please support this idea by...
Description US OIL Price is trading the Resistance Area and it is also reacting to the 1HR resistance so it is possible to drop the buying area is 71.262 and we will put the stop-loss above the resistance level of 72.502 Why we like it: Price Trading in the Resistance area Formed Evening star candlestick pattern Attend the 100% fib level 1st...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Everything is crashing, xtiusd will be no different, at 1 hour timeframe we can see a chartpattern a "Bearish Symmetrical Triangule". Target 69.500
Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis. Also let me know your thought in the comment section what you...
Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis. Also let me know your thought in the comment section what you...
- 600 PIPS WEEKLY - 3-7 SIGNALS A DAY - ONLY REAL PIPS - SUPPORT AND GUIDANCE - MONEY MANAGEMENT - BEST ITALIAN CHANNEL IN THE COUNTRY JOIN NOW > @Segnali_Forex