UK Oil Buy Trade SetupHi Traders
Brent /UK Oil (H4 Timeframe)
A high probability, entry to go LONG has formed @ 65.51 after the market found support @ 65.03. Only the downward break of 65.03 would cancel this bullish scenario.
Trade details:
Entry: 65.51
Stop loss: 65.03
Take profit 1: 67.83
Take profit 2: 69.59
Take profit 3: 72.46
Score: 10
Strategy: Bullish wave LL TF
Brentcrude
Brent oil 1H On 1H & 4H
Direction: Upward above 63.14
Target: 65.00 and 67.60
Stop line: under yellow zone
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my last idea about brent oil on 14Feb:
BCOUSD: BUYBulls would be taking profit today from last week's BUY order.
Drawing a fib on the daily chart, we are seeing a definite area for price to reverse, however, we are still in a Bullish trend on Oil.
We may see an opportunity for a short-term SELL for Bears to enter right around 59.73 .
Once Bears take their exit for that short-term order, we can definitely expect a new BUY Zone for Bulls to enter.
WTI day trade longHey guys!
Happy trading to all.
Today in the petro world we have the OPEC-JMMC Meetings which could move the Oil markets, brent, wti and the petro currencies.
Based on what I see right now I think WTI has a good chance of going up...
We are making higher lows and have a contraction in place.
Lets se...
Brent prices: no way down anymore, long run over $100 againThe price trends since 2008 looks like a re-accumulation. The last price collapse was possibly a spring. It was interesting that the test was the lows of December 2008.
I expect TVC:UKOIL will find support in the next days. I don't expect a price re-test of $30.
In the long run, we can expect the prices above $100, when the price is ready to pass over the re-accumulation zone.
USDBROUSA Brent Crude Oil has lost its 55$ channel and falls into 54~55 but the bearish power last week was so strong that I don't think that the chart may go back in its previous channel for now
so as the market open as the money flows in the chart goes a lil bit higher but it counts as a pullback and then more corrections so be ware with your assets if you are a trader and not a holder
its all price and fib retracements and 2 classic indicators (must be enough) for such a clear chart
Oil Time For Reversal - Short TradeOil Short Trade
Entry: $53.76
TP & RR: $52.41
Stop Loss: $54.51
REASONS FOR THE TRADE
So far Oil has respected the channel and I believe that it is now reaching a point of exhaustion. This upper trendline from the channel is also in confluence with a fairly strong resistance level, so I believe a small pullback is due.
The Stop Loss is well above the channel and similarly to the trade from a few days ago, if the price starts pushing up we will close the position because a spike up should follow.
USOIL Ascending Triangle - Long PositionUSOIL Long Order
Entry: $51.04
TP & RR: $52.49 (2.54)
Stop Loss: $50.47
USOIL Short Order
Entry: $51.50
TP & RR: $50.01 (4.14)
Stop Loss: $51.86
REASONS FOR THE TRADE
As you can see I have mapped two potential trades here, but since the first one is Long, that's the center of the analysis here.
What we see is an ascending triangle in an uptrend, so I expect Oil to have an explosive move up (no pun intended). With that being said, I also think that this trend is starting to get a bit exhausted, so if the price breaks down from the lower trendline I will be looking to open a short position. Alternatively, if it reaches the upper trendline I will hedge my long with a short to protect my profits and look for a suitable place to close the losing trade.
WTI & BRENT: Santa was very nice to us this year! (MOVE ↑ of $2)Hello.
My name is Francois Normandeau.
Here is a quick recap of today's trade on West Texas intermediate on the left and Brent oil
on the right we can see that we had an entry here on the short term momentum indicator.
The close of the trade is when either one of those two indicators leave the by zone.
So this happen here at 12:23 p.m.
And price was 4828. So in the end this one from 46:29. To 4828
This main trade lasted about 10 hours and a half.
A move up of about $2 on us oil and $1.85 on Brent… a substantial move.
We can see here move confirm on this modified ADX indicator here.
One move, one leg, consolidation, second move, the second leg, so we can see this here this up move is here
and then a consolidation and then a second up move, which is this one here and we see the same thing on Brandt on the other side.
We have the signal for an entry on the short term momentum indicator here and a second signal for an entry on this midterm momentum indicator here and the signal for the close here when we see one of those two indicators leave the buy zone
.
This would have been I've been the close of the trade and the same logic applies to Brent for the entry for a trade here.
A second signal can be seen here and the signal for the end of the trade here, confirmed.
So quick recap on a very interesting trading day today.
My name is Francois Normandeau and I will post more information on our website ADX-BRIEFING.
Thanks.
Take care and have a good week.
Merry Christmas to you and those you love.
Francois Normandeau
Institutional Research Director for ADX-BRIEFING
TVC:USOIL
NYMEX:CL1!
TVC:UKOIL
WTI & Brent : important UP day. Trade of 70 pips, closed.Hello.
My name is Francois Normandeau.
This is a trade recap for ADX-BRIEFING.
Here is the most important trade of the 2nd half of the week.
70 pips on WTI and 70 pips on Brent.
TVC:USOIL
TVC:UKOIL
Closed over an hour ago and then, we initiated a short position on both markets.
We have some profit on this new trade but nothing substantial as of yet.
Mode info in the video and on the site.
Wishing you a great weekend.
F. Normandeau
Institutional Research Director for ADX-BRIEFING
Brent ... posting my 1st Idea via the new desktop version :)Hello.
My name is François Normandeau.
Here is a quick recap for ADX-BRIEFING.
We took a trade earlier today
on US Oil and UK Oil
working with the standard ADX methodology.
More info in the video.
Wishing you a great week,
F. Normandeau
Institutional Research Director for ADX-BRIEFING
TVC:USOIL
TVC:UKOIL
UKOIL - will be a breakdown trendtrend support may not be able to withstand.
Two peaks show the reversal.
what do you think? there will be a breakdown
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
USD/RUB - Sell Update In this video update to a previous video I posted on selling USD/RUB, we look the Dollar getting weaken against the Ruble and a perfect time to enter a short sell-set up.
The Ruble has a number of factors supporting it's strength agaisnt the Dollar.
1.) Higher interest rates mean selling the currency pair gives you a positive overnight carry trade opportunity.
2.) Higher Oil prices will support the Russian Ruble as Oil makes up 55.92% of Russia's exports.
3.) A weaker U.S Dollar and negative current account balance should further depreciate the dollar.
The one risk to a downside sell is U.S Sanctions on Russia should the Joe Biden take a tough stance with Russia.
We look at Entry price, stop loss and take profit targets for this trade idea.
Brent Crude: Sell Opportunity 🛢Hello traders,
as discussed in our Morning Meeting, here is the setup in Brent crude that we're following. OPEC has a two-day meeting with Russia discussing the recent oil rally, and reports emerged that some members are reluctant to cut their production, putting pressure on oil prices.
Brent has already formed a fresh swing low, showing acceptance of lower prices. I am looking for a retracement to the first blue liquidity zone before considering a short based on price-action and volume .
Be ready for a Bullish Scenario on Crude OilToday, we will analyze Crude Oil to understand a possible Bullish movement. Let's go to that.
The main reason we are thinking about a new impulse on Crude oil is that we had a breakout of a Huge Corrective Structure (A perfect ABC pattern, also known as Flag Pattern)
Flag patterns are Continuation structures. That means that they tend to resolve in the same direction as the previous impulse.
-After 80 days of sideways movement, a breakout in any direction should be an interesting item to pay attention to the possible continuation of that impulse. In this case, we had a Bullish Breakout.
- Which is the length of the movement we can expect? To answer that, we will pay attention to the past bullish movements that happened from the current support zone towards the next resistance zone. In this case, we observe a possible target of 48.90 - 51.00. If you have opened long setups, those values should be considered as a take-profit zone.
-The new impulse can take around 40 to 70 days to be completed based on the previous movements.
-Remember: Trade Safe, protect your capital, and always understand what you are doing!
Thanks for Reading!