the price had a breakout from the daily dynamic resistance and static one on 1.2$ and hot the market is testing the 1.4$ daily resistance. On the 4h timeframe, the price is creating an ascending channel and got the first rejection from the supply zone on 1.475$ How to approach? If the price is going to have the breakout from the 1.4$ confluence zone, we could...
Weekly: Price is approaching a Weekly Supply Zone that served as a previous 2x Top Neckline, it also wants to possibly retest the broken weekly triangle support trend line. Daily: Price will be looking to complete its extended 5th wave. Bearish Divergence. 4 Hour: Price broke through the Daily 0.27 FIB and is currently retesting it, if it breaks through the 4...
Hi everyone. This is crude oil road map for the major upcoming swings. As you can see most important zones marked on the chart. Keep watching false breaks inside the zones and take advantage whether you are bullish or bearish. Best of luck :-)
Consolidation Rectangle Breakout and Trend line breakout confluence. Short to key level. CAD to strengthen following oil price increases. Wait for retest of rectangle
The pair is looking bullish in the bigger picture. This is a possible setup currently, but I am waiting for a trend line breakout to occur in order to trade the pair with a more rewarding setup.