On this chart you can see a dramatic fall on USOIL from October 2018 to December 2018 the price drop occurred after hitting a four-year high at that time, traders believed that U.S. sanctions against Iran and outages in Venezuela would lead to supply shortages. However On December 7, 2018, OPEC agreed to cut 1.2 million barrels per day.
This statement lead to a...
To start with we fundumentally know that CAD is really related to OIL prices and we also know about Japanese problems with Tax Reform Proposals. On a chart we can see a huge spike up on Thursday due to increase in OIL prices which broke my trend line, however it come back on Friday because bears take their step on Oil market.
In the end i would put a long...
Due to a high flactuation its really hard to predict where the price will go now because now price is touching a major daily support zone. I would wait until a break through! Please consider a upcoming news and wait for 1H candles to close before entering a buy or sell position! PATIENCE is a key to success
GBP was showing weakness against other pairs such as USD and JPY for a couple of days. Symmetrical triangle breaks and show a clear sing of a sell. I just begin my journey so please comment and leave some positive or negative feedback! Improving is a key to success!!!
Structure - Uptrend
Tendency - Upward with a small retracement
Bounce from a strong support line
Risk/Reward ratio 2.74
I am just learning, please comment and correct me if i do something wrong. Positive or negative feed back it does not matter!
EUR was showing strange in first period of a day but base on H1 EUR/CAD is on a quite strong downtrend, a small retrace finished buy bullish candle with a huge shadow. I am new and this is only second trade i share with you guys please like and comment!