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SELL SETUP USOIL SELL STOP AT 58. WITH 50 PIPS STOP LOSS.
D1 - Downtrend line, strong resistance level. H4 - Ideally looking for another push up, towards the trend line and the magnet zone with bearish divergence to form before sells.
Expecting price to visit 53 area again without breaking the top
Set up: Oil prices are testing the daily down trend line which coincides with a strong zone of resistance. SL is set at the high of last week (57 area) and the TP at the lows of the last week (53.8 area)
The idea we've been following in Oil is now starting to become relevant. The price reached the top of the H4 chart range. There is still room for another push higher though. We can split the potential scenarios into 3. Scenario #1 - Another push higher then reversal from the zone marked. Scenario #2 - Immediate continuation lower, bouncing from the 100%...
D1 - Expecting another wave down after consolidation towards the fibo expansion 261%. H4 - Price is at the middle of the range after bouncing from the bottom. We may now expect one more push higher towards the critical zone. We may then look for bearish setups with bearish evidences in order to join the bears.
D1 - We have a critical resistance zone at 60.00-60.40 and the price is holding below it. Note: Currently the price is bouncing from the critical zone formed by the fibo expansion and fibo retracement levels, so short term bullish moves are acceptable and valid here. H4 - The price is currently moving inside a short term bullish channel, We may now start...
Hi All , Sell limit on oil. Price hit Major resistance at 66.647 & lower high and lower lows has been printed . As of friday price broke major Support at 62.163 region now price been trading under that support turned resistance . Sell limit at 162.163 with SL at 62.684 Tp 1 60.047 and tp2 57.922. Many Thanks
December 2018 marked the end of the bearish move where oil plunged nearly 40% from its 3 year high 77$. After a long recovery, a deeper downside movement of 10% was noticed, creating a clear Lower High. The move is still a pullback but can easily turn into a bearish run. Setup : Trend type - Pullback, Bull trend resumption at 65.30 Action - Sell now. Take profit...
Hi All , Price broken down from rectangle range , with Bearish engulfing candle . Sell till next support as Tp1 and Tp2 D1 uptrend channel trendline . Sl to entry . Many Thanks.
H4 - Bearish convergence. we may now look for pullbacks and sells. H1 - Bearish hidden divergence forming. We may now expect one more push higher from the current zone towards the critical zone, we may then start looking for sells with bearish evidences Invalidation: This sell setup is valid until the high (marked in red line) shown in the chart holds.
W1 - Multiple false breaks, bearish divergence and the price is below the critical zone. H4 - We have a critical zone that has formed. Currently everything looks good here for the bears, if you find a good risk:reward ratio you may then start looking for sells with bearish evidences until we get any opposite signs.
H4 - Price broke below the uptrend line. We may now expect pullbacks to happen towards the zone shown in the chart. Once the pullback completes itself, we may then start looking for sells with bearish evidences.
W1 - Potential second false break with bearish divergence. D1 - Price is currently near the middle of the range. H4 - We may now look for pullbacks and sells.
Spotted a potential sell zone on Oil. I'll be playing this one. Look for reasons to sell in the red, green are the normal targets, however they are obviously unrealistic. I'm shooting for $50 as my target. As always KISS applies. Keep it simple, keep it consistent