✅USOIL hit the strong horizontal Resistance level of 74.5$ and We are already seeing a bearish Reaction so I think that Oil will Go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Take a short posistion on USoil as price had bounced off the 50 period moving average in a major downtrend from the higher time frames. Here is the play I will be making: USOIL OT = SELL STOP (PENDING ORDER) P = 104.20 so really 105.20 SL = 105.07 so really 106.07 = 83 pips TP = 101.97 so really 102.97 = 297 pips
slight pause in the market from sell off yesterday morning after pullback from hidden bearish divergence on the 1hr. hidden bearish means continuation of the sell. going for about 2oo pips down to the demand area. around price 4.0100. the price varies with your broker, if you enter on meta trader app ngas does have a different price spread.
FX_IDC:WTIWCU : Strong Sell Analysis Method: Fibonacci & Wave Theory To break the Wave Sequence, Oil must get above $22.00. Target: $0.00 Time-frame: <23 Days Will update. FibMarketWatch.com
Hello Traders, fe Keep in mind this isn't a professional and well thought analysis, but it seems like it could be following this pattern :) Trade Sa
Hello Guys ! Overall we are seeing A bullish Flag Pattern being formed, in lower time frames we can notice 5th wave is being formed nicely after a consolidation zone. Technical Confirmations : 1. Lower Highs, Lower Lows 2. Elliott Wave 5th push formation. 3. Correction of the Forming Trend Fundamentals : 1. OIL Prices have already been heading up due to...
CURRENCYCOM:OIL_BRENT : STRONG SELL Analysis Method: Fibonacci & Wave Theory Initiated: Nov. 2018 (STRONG SELL) Previous analysis: snipboard.io Past analysis price target: 50-46 (Target Hit) New Target: $30-$24 Monthly Chart: Daily Count: Primary Wave 3 Will update. FMW
XLE is a strong sell! Will update. Option Trade will be posted soon at fibmarketwatch.com -AB
Waiting for a break of the channel to see usdcad move to the downside! Risk on assets are starting to gain strength as corona-virus fears ease off. Patience will get us into this trade with an entry of 1.32850. Moving through the supply zone and closing above will invalidate this set up
Be careful with this pair and the super dolar. Wait for the 4h canddle closing about to 61% or 78% fib. - Se paciente y cuidadoso con este par, el super dolar nos ha sorprendido, posible alza en el petroleo y la accion de precio podria indicarnos que el par está listo para caer, sin embargo no entres si no tienes la confirmación con velas de 4horas. - Good Luck
See related ideas below. Have interim long setup. This setup is in line with my forecasts for the price of oil.
Last 2 weeks have been bearish at the 38 retracement level. The trendline is broken and retest has a occurred A push to the 57.1 prices and 61 Fib retrace level on the cards may be lower to the 50. Looking for the 3rd impulse move to the downside then look for an ABC correction. 4hr TF we have 2 impulse moves to the downside with the 3rd in progress.
Rebounded off strong resistance and downtrend should begin. TP1: 69.90 TP2: 65.75 SL: 73.20 or as per your analysis and risk assessment. Good Luck and Trade Safe!
HOG was running within an upward channel formation, which broken just recently. We think with the falling oil price it will decline further. According to Upward channel breakdown we got target or $45.33. To play this we would consider $55 Aug-17 puts * Trade Criteria * Date first found- April 20, 2017 Pattern/Why- Upward channel breakdown, Falling Oil price ...
APA Seems broken down from an upward channel, retested the channel support line & now falling down sharp. With the falling Oil price we think it can decline as low as $34 area * Trade Criteria * Date first found- April 20, 2017 Pattern/Why- Upward channel breakdown, Declining Oil price, Entry Target Criteria- Break of $48.87 Exit Target Criteria- 1st...