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LONG US OIL BUY ABOVE 56.85$ AND TARGET 58$ TO 58.20$
Use this as a guide to develop your setup. Main items we can see on the 1H chart: a)Price Couldnt Broke the primary ascending Structure, and it failed several times on the past (Weakness of the Bullish Movement) b)On MACD we can see a Bearish Divergence (Weakness of the Bullish Movement) c)Now we will wait for a Re-Test of the White trendline, and after that,...
Hey folks, close USOIL for +400 pips. why? I just noticed that we're USOIL created a channel! Currently, we're close to the top of the channel and I want you guys to bag those hard-earned pips. Enjoy the profits and re-entry will be soon!
Use this as a guide to make your own setup Main items we can observe on the Daily Chart: a)The price is against a major Support zone tested multiple times b)Currently, we can see a corrective structure close to the support zone and the Descending trendline c)We expect a breakout of the corrective Structure + correction below it d)If this happens and the...
Use this as a guide to develop your own setup Main items we see on the Daily chart: a)The price is on a key level, we need to wait for Bearish or Bullish Reaction b)Why this level is important? Because we will have solid clues to think on Bullish or Bearish Setups depending if the price consolidates above or below this zone c)If the Bearish Scenario happens,...
This is a pretty easy one to get in on and make some quick money. Previous lows and highs tested and market has shown that the impulse move up (TRAP) is short lived by weakness and falling volume. 152+ PIP opportunity here if conditions are met with price passing and checking current support. Look left!
US oil 27th March 2019 -uptrend
SOIL is approaching our first resistance at 59.96 where we might see a corresponding drop to our first support at 51.08. Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
USOIL is making beutiful pattern for trend change. I'm awaiting move to 64$ area, where is nice resistance for OIL. Happy trading week traders, Good luck and don't forget to trade properly!
USOIL is approaching our first s support at 60.65 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our first resistance at 67.62 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching...
Key Levels to look out for USOil, please refer to our 4 hour chart for a strategic view!
US Oil is approaching our first support at 65.17 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 70.92 (horizontal overlap resistance, 50% Fibonacci retracement) Stochastic (89,5,3) is also approaching support and we might see a...
USOil is approaching our first support at 70.92 (horizontal overlap support, 100% Fibonacci extension, 50%, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 73.51 (horizontal pullback resistance, 50% Fibonacci retracement). RSI (55) is also approaching our ascending support line and we...
Watch for structure breakdown and short! This is a long hold trade for some days. You can have 2 TP. 50% risk on each lot. I will update this trade soon.
market is above 50 EMA now and we got a nice pullback nice engulfing candle gives us enough confirmation to enter this trade now like and comment if u agree
USOil: Our WEEKLY chart shows us we are approaching several resistance confluence zones. 1) Descending Trend Line 2) Resistance Level Price could reverse from this price level, keep an eye for Bearish Divergences and Bearish Candle prints. Our target will be the bottom of our Structure. Happy Trading!