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Bullish bounce?WTI oil (XTI/USD) is falling towards the pivot and could potentially bounce from this level to the 1st resistance. Pivot: 80.98 1st Support: 79.44 1st resistance: 83.06 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDLong
by ICmarkets
Extra Cash For Christmas HolidayHey trader, I hope you having a profitable week. If not, try this: But first, let me explain how these trades will be triggered. If the price bearish bounces off the 4H Half a Bat Neckline, 50 and short-term MA’s with a bullish reversal candle close (1st trade signal), then proceeds to bullish break and retest the (Possible) 4H H&S Neckline (2nd trade signal); according to the 4 Hour: the price would be or have formed a head and shoulde pattern and in prep to rally for its 3-level trend; and according to the daily: the price would be bouncing off the 50 and 8 MA’s - in prep to rally for the double bottoms L1, so once that hapens, then I should BUY → E.1 - E.2 That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section (below), I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
TVC:USOIL
by Doji-2k1
XAUUSD 4H MA50 holding, emerging Golden Cross inside a ChannelUpThis is a follow up to my most recent Gold analysis: The Inverse Head and Shoulders pattern worked perfectly and the price easily broke above the 4H MA200 (orange trend-line). As it got rejected on the psychological 1800 level, the potential of a Channel Up emerges, similar to that of August that tested the 1,834.50 Resistance. The key is the 4H Golden Cross, which took place in August and needs to get formed again soon, within the Channel Up. So far the RSI sequences of the two fractals are also similar. I see no reason why Gold won't test the 1834.50 Resistance again, even a little higher, as the Inverse Head and Shoulders Target is on the 2.0 Fibonacci extension (1842.50). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
8
XAUUSD Inverse Head and Shoulders on 1DYesterday's sharp drop on Gold was fueled by the much better than expected Retail Sales, that pushed the USD higher and XAUUSD lower. It may have taken many of us by surprise but from a technical perspective it has created a well know bullish reversal pattern, the Inverse Head and Shoulders (IH&S). As you see the 1W MA100 has also come to rescue (red trend-line), so we have to keep an eye for a closing above that level to sustain a rebound. That should be initially towards the 1834.50 Resistance/ neckline and if the pattern holds technically, it should break it. A drop/ 1D candle closing below the Shoulders' Support level invalidates the pattern and sets target for the 1677 - 1682 Support Zone which is so far a Triple Bottom (March 08, March 31 and August 09 lows). Which scenario do you think is more likely? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
19