Oil prices are dropping. Perhaps mixed with some dollar strength. UC up this week
This pair has completed a 5 wave on the 4hr with a 1.618 extension. It hit a previous supply zone on the Daily. I expect Dollar weakness moving forward.
Winter is coming and so is interest hikes. Crazy price action last week. However, price returned under support. I also expect oil prices to rise. UC should drop here
I see some pullback here. Green Line is TP. Red Line is SL
The Green lines are Target 1 and Target 2 for today. Red line would be your SL.
I am going to start posting some short term charts. Green Line is TP; Red Line is SL
Today's move was fascinating. Price targeted a previous resistance area (.50% retracment) and as of now was rejected. There is massive divergence on the daily chart. If price moves above previous daily high this trade becomes invalid.
First green line is target 1. Second green line is target 2.
I expect this to run a little bit more than some pullback to the upside.