USOIL 4H 618 SHORT With structure
Price retested the structure and 618
now pin bar formed.
therefore we could sell USOIL now
SL: 54.01
TP1: 52.00
TP2: 50.65
0.25 lot size for every 200 usd risk
XAGUSD, Reversal candle on H4: Sell
D1:
- Test resistance Daily and given signal: Down
H4:
- Tendency: Downward
- 2EMA: Down
- Reversal candle
=> Down.
US30USD is approaching our first resistance at 24911.2 (horizontal swing high resistance, 76.4%, 618% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 23569.5 (38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. ...
ASX is approaching our first resistance at 5927.6 (horizontal swing high resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 5694.0 (horizontal pullback support, 61.8% Fibonacci extension, 50% Fibonacci retracement.
Stochastic (89,5,3) is also approaching resistance where we might ...
XAGUSD has made its up again above the trendline .
This time we are looking for 16.1 as the end of 5th wave on the condition that it rally straight up to break last top.
Less is more!
Price has double topped shortly after the US Market Open and made a strong impulse to the downside.
Will be looking for a break below the Daily Low (orange line)
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The analysis is made based on order flow using Volume Profile + EW
For risk and money management ...
2019 may be somewhat less exciting and could endure lower prices. Demand is likely to dwindle down amid a global slowdown. Supply is set to remain abundant due to the main actors' reluctance to cut production. Oil prices continues to decline, as investors are looking into acquiring safe-haven assets, such as gold. Crude futures were seen at US West Texas ...
After completing the 1-5 cycle in more global wave A, the price had created a bearish impulse which I consider a developing wave A in global wave B. The instrument has corrected to 61.8% Fibo level. Going short using levels marked on the chart.
Futures are derivative products, that derive their value from the price movement of an underlying instrument such as Gold, Coffee, a Currency pair, a Stock Index or a Government Bond. They are essentially contracts with an obligation to buy or to sell an instrument (in a certain quantity) at or before a fixed time for an agreed price. Futures are traded at large exchanges that formulate the contract terms. The buyer of a contract holds a long position, the seller of a contract holds a short position. Futures have a finite lifespan that ends at a preset expiration date.
They can either be used to hedge investment positions (to mitigate the risk of price movements) or to speculate (to try and profit from price movements). Futures trading started 150 years ago as a way to manage agricultural production. Planting and harvesting cycles created swings in prices and futures contracts were created to manage that risk. They have evolved into the exchange-traded instruments we know today, which are a key part of the financial system.
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![XAUUSD: SKENARIO [A]; XAUUSD H4 DATE 01/23/'19](https://s3.tradingview.com/v/v0UzoQBU_mid.webp "SKENARIO [A]; XAUUSD H4 DATE 01/23/'19")
