Is now the right time to buy oil?
The price of oil has dropped massively in the last two months. The Saudis need quick cash to cover their costs and since they have no industry, selling oil is the fastest way to do so. The costs of production are about 20$ per barrel. That means they can't sell their oil for less than $20. They can't make any money. So I think it...
We got a nice bearish engulfing bar at a strong resistance level & 61.8-78.6 fib zone. Entry was just at 50% level of the signal bar. TP is set just above next support level. 1:3 RR. Let´s go!
Dear Ladies and Gentlemen,
here is a longterm idea on EUR/JPY daily chart. The price is currently in the buy zone of a bullish ABC-Pattern. We already saw some reaction on that. Is it time to go long? For those of you who like to trade longterm, it could be a good possibilty to go long with a good risk ratio.
We got a new short signal on chf/jpy H1 chart. Look at this beautiful pin bar right of 78.6% level in confluence with the bigger trend. It will be hard for the bulls to go further up. Our risk reward is 1:4. Stay safe!
After breaking the bullish trendline, the price was caught in a box. Usually this type of consolidation with some build-up through the EMA´s ends in a strong move. Now I want to see the price at the bottom of last swing. If 112.00 level will reached, I will place my stop loss on break-even.
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AUD/USD H1 is trying to break the trendline and 78.6% level since yesterday without success. Some long wicks through the levels indicate some liquidity collection. Is it time to fall down? RR is about 1:5