BCOUSD could make a retrace followed by a bearish breakout on a lower time frame for the next motive wave down.
Title: Crude Oil Futures ( CL1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 90.671 Pivot: 86.655 Support: 81.047 Preferred case: Looking at the H4 chart, my overall bias for CL1! is bearish due to the current price crossing the Ichimoku cloud, indicating a bearish market. If this bullish momentum continues, expect the price to continue heading...
High Risk BCOUSD Short (I won't be taking this trade). TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Surging Oil Prices Could Spark A Global Recession Federal Bank of Dallas economists warn that a global economic downturn may be unavoidable if a large of Russian energy exports remain off the market throughout the year. Billionaire investor Carl Icahn also warned that there could be a recession amid the surging inflation So far, the EU found sufficient support...
We're in an important resistance. I have 3 TPs, follow the SL in weekly close.
The volatility in oil markets has been falling for months as price contracted into a narrow range. That 'wedge'-like trading range appears to have just broken to the downside
Hello everybody, I want to share with you a sell opportunity on the 1h chart BCOUSD. As you can see the price is near the resistance line and probably will go down to the support line. This is only my opinion.Make you own analysis before investing. Comment below if you agree.
Looks like a corrective push back up to the highs.. looking for signs of a big sell off
BCOUSD QM Pattern + ElliottWave 3. Buy limit
BCOUSD Brent looking to trade lower
Waiting for price to consolidate around this support area before looking for a move shorter. Or Looking for price to move away from this support, test resistance one more time and then look for a bigger move shorter. Lets see how it plays out
Hi traders, BRENT has broken a trendline and properly retested the breakout. It is highly to proceed downwards.
Looking for a short opportunity because: Weekly: Price retested and is rejected 3 times by prior support turned into resistance. Price rejected 61.8 fib level. 200 EMA crossing the 21 and 55 EMA. Daily: Price broke and retested an ascending triangle. Bearish engulfing candle close on the retest.
ENTRY : MARKET PRICE SL : AS PER TRADER RISK MANAGEMENT TARGET : 60.54
BCOUSD approaching support, potential bounce! BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 75.62 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic is also approaching support where we...
BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 74.98 (61.8% Fibonacci extension). RSI is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk....
BCOUSD is approaching our first support at 73.27 (38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 74.98 (61.8% Fibonacci extension). RSI is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk....
BCOUSD is approaching our first resistance at 72.09 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 70.70 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal swing low support). Stochastic is also approaching resistance and seeing a...