BCOUSD, Sell on H1.
- Test resistance D1 and move down
- Downtrend forming
- Tendency: Downward
- Below resistance and 2 EMA
-> Waiting re-test resistance
--> Give signal candle
==> Sell ( Continuous downtrend - Minor downtrend)
After this shap fall on oil prices, it's very likly to continue the rally up, because of the OPEC+ cutting supply.
Central Banks are Cutting Intrest rate to stimulate the economies, so why the hell oil producers will not cut more supply.
Trade With care.
Brent crude oil has 4 bullish steps although it may face with downside low prices, the targets are 62.243, 65.376, 68.729 and 68.466 dollars per barrel. Notice that touch of the price to each step means confirmation of the presumption for that step.
BRENT CRUDE is likely to continue lower as the price continues to form lower lows and lower highs.
The daily timeframe is currently showing price retracing back towards the key resistance of 60.30.
If price forms bearish price action we can look for a swing trading opportunity from these lows.
Hi guys, I am currently shorting this commodity, its very possible that it may reach the yearly bottom especially with the amount of momentum it has for the downside - but it doesn't have to( It can easily make some irregular flat). I have moved my stops to break-even in case Trumps feels a little vomiting on twitter about it just to be on the safe side. Please...
This is a straightforward short and I'm just looking for a few pips before the market reverses. I've already placed this trade on my account so you guys should check myfxbook profile, link is on my website, tradewithme.co.uk.
Nach meinem Regelwerk nochmal ein UPDATE (Neue Zählung)im CRUDEOIL.
Nach meiner Zählung gehe ich davon aus das die korrektive Phase nun beendet ist.
Mein 2.Widereinstieg Short mit 2 Einheiten und langem Ziel V .
Ob das erreicht wird kann niemand wissen . Auch ich nicht.
Bei ca. 55.349 ist mein Teilverkauf mit 1Einheit geplant plus Sl auf BE+2...