Market has formed a rising wedge and broke through it. market has bounced back to the structure and now we can enter this trade with stops above the highs Good luck ....
WELCOME TO DACAPITAL TRADING!! USOIL just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Last Candle closed above Previous Week High and took out all Highs forming new one. DAILY Bullish Daily Candle forming after last few days exploding price action with trend continuations. WEEKLY Following Short/Mid and Longterm...
Riding the recent bearish trend in Oil because despite OPEC's supply cut, countries like US continue to produce more and it's supported by Trump's effort to expand drilling further. Setting up sell stop order a few pips below 60 with TP @55 and SL near 63. www.cnbc.com www.reuters.com Daily: Weekly: Confidence: C (depends on whether USD will continue...
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: USOIL Time frame: 1W What Has Happened So Far: So this chart was posted exactly a month ago today. What am I Looking to Happen: Although most of the move has been captured, I still feel there is still...
CL1!, WTI. The idea of selling on US-OIL. Previous idea to buy US-OIL:
Trend Lines seem to be supporting the price very well right now so could be a good buy! Be careful though as some people believe that oil is just hyped up right now.
USOIL has formed a 100 score long trade setup on the weekly timeframe. This trade setup is confirmed by a bounce off a very strong support level, a very strong Bollinger Band outbreak, and a significant Bullish Engulfing. TP set at previous highs. I may exit early as there is a down-trending resistance line formed by the previous highs. I will wait to see how...
I think US OIL is in the final stages of completing a B wave. Possible target of $18.01 a barrel falling in line with a descending trend line from October 2004.
Midas Top Finder have reached its burnout point of 100% at 53.58. The actual high came in at 53.74. Indicating that a major or temporary HIGH is in place. On the chart above, price have broken out to the DOWNSIDE of the major trend channel (in green) and have now formed a new channel (in purple). This new channel only becomes valid if price close BELOW the...
Looking for price action for a move and trade entry.