AnarUn

AnarUn

The crude oil is currently in a very important resistance zone, and we see an indecision candle. If it can't pass its current level, we expect two possible pullback scenarios, (one is around 38.2% fib level, and another is around 68.1% fib level). As the political tension between the US and Iran has been high in recent months, we expect that the price will soon...

AnarUn

Once we know how the market is ranging, it is easy to trade.

AnarUn

Let's make some profit here.

AnarUn

After a successful double top, the price is likely to go down further.

AnarUn

We have got a very nice 6:1 reward ratio set up. Yet, the triangle hasn't broken yet. We still need to wait for a breakout.

AnarUn

I normally accept 3:1 risk and reward ratio at least. This means that if you win for 3 times out of 10 trades, you will still be profitable around 6%. If you misses for 8 times out of 10 trades, you seriously should think about improving your trading skill.

AnarUn Updated 

The price didn't go as we planned, as the price got support from a different zone. Here is another scenario which might happen. After creating an ascending triangle, which is regarded as a trend continuation pattern, the price is likely to proceed to increase.

AnarUn Updated 

That bad news for XAU.

AnarUn Updated 

After a successful double top, the price has penetrated its Jun 2018 trend-line.

AnarUn Updated 

That is what I see.

AnarUn

We are expecting the retest.

AnarUn Updated 

Due to the US and Iran tension, the WTI price went up. We are expecting the price to reach the next potential trend-line.

AnarUn Updated 

The rising wedge has clearly broken, and retesting it currently. The doji candle appeared with a clear confirmation.

AnarUn Updated 

Previously, we analysed the WTI price successfully. So, a triangle pattern has a reversal characteristic. After its successful breakout, we expect a retest, which is likely to occur.

AnarUn Updated 

The price is struggling here a lot.

AnarUn

This doesn't necessarily mean that a global recession is about to start. It means, the people who participated in the accumulation part is exiting. Once Dow stated that after a huge sell-off , the price jumps to the near high and then, it proceeds to decline. It was also noticed that AMZN price is in a similar situation.

AnarUn

As my main profession is an analyst, I try to combine technical with fundamental. Here is a mistake I made and I learn from it. After a double top pattern, the price collapsed around -7%. Then, it quickly recovered, as the FED implied that it might cut interest rate to boost the economy. The price created the channel and consolidated. When Draghi stated, it might...

AnarUn

The channel has created.