Potentail outlook for USOIL if it is a bears market, have seen price break market structure now wating on corrective structure and then a further push to the downside would want to see wekaness in the 4 hr chart one price touches my level to confirm futher downside
Got my eyes on this for a short, price has consolidated now expecting a push downwards, will wait for price to reach my grey area and then shorting at 2 separate points. large spike down hinting further downward movement but will have to see
My Original analysis was a short looking from the daily and smaller time-frames but after looking at the HTF's numerous times I now believe that is it a LONG.
The General trend on the HTF is Bulls, have also seen multiple reversal wicks whilst price moves sideways stuck in a range, as multiple pushes by sellers to push price beneath the support line become...
Have had my eye on this trade during the weekly, long term I have a long bias and usually I would be looking for buying position. But certain moves in the market have suggested to me that the pair are likely to trade bearish for the next 1-3 weeks and so I will be looking for shorts in the short term to enter with and monitor from the daily chart. Will see how...
Will be waiting for the market close to decide whether i trade this, if it closes below the weekly support line that has been holding since the 9th of feb then this will be a good intraday trade and price will have further downside until it reaches the next cleangr support level. This one is a trade of patience wont be making a move until the market decides where...
New to OIl but short played out exactly as expected how long term swing trade will reach price levels i have set out, will keep a close eye on news, new to fundamental analysis and its impact on oil prices
Very happy, trade playing out just as perceived simple outlook look of aligning the channel, directional bias and plotting out lower lows and lower highs showing a downtrend, stop loss moved to break-even and looking to add a few more positions in the highs of the downtrend, lets see how this plays out...
Bullish view, planning to hold trade for a week to 2 weeks, Long term bullish trade on HTF entry based on 5 min LTF for OTE
if SUPPORT does not hold after a rest, will be aware that price is most definitely following the LTF bias of a downtrend and will push for lower lows and lower highs
Entered trade on the 14.09.2017 for a long term buy position, scaling in at the points i have highlighted as levels of support, will see price push back to $4800 point and then push higher $5500+, stop loss has been moved to breakeven/profit. Now it is just a waiting game
