Oil goes down amid the spread of coronavirus Prices in the area 47 - 39 I will be glad to see your likes and comments
what a bearish rally on brent these days. be prepared to see the price around 29.0 level soon.
As shown on the chart
W: absorption candle a large range is not confirmed by an elevated volume. Further growth is possible, but not for a long time - the market is weak. Basic levels at the beginning of the week, where I'm looking to set up: 1. previous week's Hi 57.53 If the price goes higher, the LONG input will set up trend continuation (retest, consolidation breakdown, VSA) If...
Watch the breakout of down yellow trend before entyr long position.
Two Parallel Channel with Bearish Trend in Next Week
Brent oil has reached a strong level of structure. It is a combination of a daily structure and a recent gap open level. + 618 retracement of the major impulse I will be waiting for a bearish breakout of the rising wedge pattern to short the market. The initial target will be 56.2 level Target 2 55 Target 3 54 Stop 58 *if the market respects support of...
The best place for Buy Brent Oil Futures will be near the Support level 45.00. The price bounced from it several times. Potential profit will be in 3...5 times bigger than risk. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support!
Currently in a range, brakeout either way is going to see the price go test a prior are of interest. Bias is towards bears.
The Future of Pound Sterling is GREAT TREND LONG , but now the last descending for Gbp Jpy
Brent Oil initially bounced off what I interpreted as a double bottom. My target at this stage was around $75. Unfortunately this did not play out and the price has come all the way back down to the new horizontal support.
Brent remains bullish after breaking TL (Green) to the upside. If this pattern plays out, $75.72 is the potential target price.