Zoen_Trieste

Zoen_Trieste Updated 

EURUSD is seemingly attracting demand around the 1.1300 double bottom area. The Median Line of this inside set is also tested here. If this area fails, sellers will target 1.1000-1.0800 for further downside. However there are good odds that this will get picked up here for at least a minor correction towards the 1.1475 area. Buying with stops below 1.1300 and...

Zoen_Trieste

USOIL went through a decent pullback earlier today and can potentially reach 6335 as a result of another bullish swing. Limit sell order around 6335 with a 35 tick stop and 1R-2R targets is the current plan.

Zoen_Trieste

As shown in the graph above, USOIL has been declining each time it nears the 45 degree line form the top. The next selling point is around 6440 area.

Zoen_Trieste Updated 

USOIL found support it seems. Buying around here with stops below 6630 and looking for 1R-3R targets seem reasonable.

Zoen_Trieste Updated 

USOIL -0.09% is seemingly about to pull a major trend reversal on the 5H timeframe. The 6780 area resistance is the first zone that bulls need to clear to pave a way to the gap area around 6850. Currently the 5H shows a pullback formation within a bear trend. If sellers persist, they will add shorts around the aforementioned resistance area of 6780. If demand...

Zoen_Trieste Updated 

USOIL just hit the 2x1 line and seemingly going for a pullback to test the 1x1. Selling short here with a 35 tick stop and looking for 1R-2R targets seem reasonable.

Zoen_Trieste

The third impulse wave is about to mature and a 6-month fourth corrective wave is anticipated to commence in January 2019, printing a low around $58 in June 2019.

Zoen_Trieste Updated 

EURUSD attracted sellers upon reaching the 50 day EMA and the 50% pullback point on the corrective bear swing. The pivotal structure still suggests bullish continuation as long as the swing low around 1.1430 holds, therefore short risk on EURUSD is still the preferred choice. As of currently, the gap area around 1.1520, also the 50% pullback on the earlier bullish...

Zoen_Trieste Updated 

CLZ2018 just hit the 61.80% retracement point on its recent bull swing and found some support seemingly. Continuation players are taking this opportunity to add on to their long holdings. The Schiff set's Median Line is met here as well. A healthy pullback in a major bull trend that may lead to 127.20% extension. Short risk in oil is the preferred choice as long...

Zoen_Trieste

It is worth noting that oil changes its major trend direction during the month of June or January. The chart above is an attempt to show this relationship throughout the lifetime of CLZ2018. Also, another important aspect highlighted is the fact that CLZ2018 just tested the major gap area left by the bears in November 2014. Though there are no signs of the major...

Zoen_Trieste Updated 

EURUSD is seemingly in an attractive spot for continuation players. There's a bullish harmonic pattern noticeable on 240 chart. It went through 61.80% pullback on its bullish swing after hitting the 150 day EMA and is now above 38.20% point of the pullback leg. Increased odds that this pair will try to climb towards the 61.80% point of the pullback leg, perhaps...

Zoen_Trieste Updated 

This pair broke the "BC" swing low and is seemingly heading for 127.20% extension and probably the 161.80% thereafter. There's the Median Line of the downsloping inside set as well. Previous long position is closed at breakeven. Looking for bullish reversal around 1.1350-1.1450 now. There are some signs of expanding triangle formation here as the "AB" high was...

Zoen_Trieste Updated 

DXY got picked up at 150 day EMA. Odds are there will be a testing of that gap area around 98 if bulls manage to close above the D point. Bears see a larger high 2 double top sell setup, there's a 61.80% reaction on last bear leg. Though at this point there is no clear indication of a breakdown in lower timeframes, staying tuned for further tells might be the best option.

Zoen_Trieste Updated 

USOIL daily seems to be going for its last bullish extension leg to the 161.80% level. Though bearishness is still very much present, this market resembles a range before trend continuation impulse move. Lower timeframes for entries is the preferred choice. Wider stops and smaller size is also very important.

Zoen_Trieste Updated 

EURUSD is going through the expected reaction after touching the 150 day EMA. It is probable that bears will take profit at the triple bottom area near 1.1520 and aggressive bulls might join for a scalp taking this pair higher towards the 1.1650 area. Bears are still holding on to their positions, first signs of a minor reversal will appear in lower TFs. Buying...

Zoen_Trieste Updated 

EURUSD extended to the top of its trading range, the 127.20% extension reached and the higher Warning Line on this Schiff met. Seemingly this pair is done painting its second corrective bull leg. Bears will try to have a go at it, bulls will take some profits and that can result in this pair reaching the 1.1600 area. Selling short 1.1750 with a 70 pip stop above...

Zoen_Trieste Updated 

USOIL is going through a corrective leg that just recently had a breakout extending 27.20% beyond the corrective leg's range. A falling wedge breakout reversal can potentially take this pair back to 38.20% level of the prior range. Pullback long entry with stops below 7120, 1R-2R targets seems reasonable.

Zoen_Trieste Updated 

There was a bull breakout that may lead to a rising wedge. The triple top area around 1.1810 is expected to attract some supply. Currently, the 61.80% retracement level of the previous bearish leg is hit and a rising wedge structure breakdown might provide a chance to take profit around 1.1720.