USOIL - Short from bearish orderblock ✅Hello traders!
⁉️This is my analysis on USOIL.
Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action as price took out liquidity above previous weekly high and mitigated bearish orderblock.
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Usoilsignal
USOil | New perspective for the week | Follow-up detailThis is a follow-up video on my previous analysis as a breakdown of the demand zone at the $83 area appears to be a bearish signal. In the next week, I expect to see the price move back into the $83 area where a rejection or breakout of this level might signal the direction of price action.
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USOIL is in possible sell zone!!USOIL 4h Has broken down after creating a head & shoulder on the lower timeframe. Upon new opening, the price has formed a new bearish structure and again has broken down after a liquidity grab as soon as the market opens. Currently, price retesting the previous support as resistance on the local structure and rejecting that can give us another opportunity to sell WTI after our first successful trade as soon as the market opens.
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USOIL adam bottom demand zone 82.40 for long8th September daily key reversal bar, made a new low closed in the middle. 9th September daily insurance bar indication for strength ahead. high probability for long opportunity from demand zone as 82.40-20 with half risk, may use remaining half% risk from 81.30, stop loss 80.50, target: 88.50
USOIL is in sell area!!USOIL (4H) is currently approaching to test the neckline of 4H head & shoulder. It is high probability that the price will have a rejection as we already have seen strong rejection from this important area of value with long bearish engulfer.
As the long-term trend is down, it is a high probability that the price will continue to drop as daily has a strong bearish price action as well
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USOIL possible sell zone!!USOIL ( 4H ) Currently in a downtrend we have last week price has just rejected this long-term resistance and has created a double top on the 4H. As the trend line is respected, we could see another drop in this instrument to the downside to the monthly support zone
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WTI is in sell zone!!WTI has formed a daily doji on the last day of the trading week. After opening the new trading week we have seen so far a series of rejections with lower highs on the 4H. Last candle on 4H has formed a text book bearish engulfer with 20EMA retest and close back below. It is a high probability that WTI will continue to drop to the monthly support zone
USOIL possible sell zone!!USOIL (D) has broken out of daily support with a strong bearish engulfer. The price is already in a downtrend and it is possible that the price will drop to the monthly support level before creating upward movement. On the test of this previous support as resistance, if enough rejection is shown, a selling opportunity may arise.
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👉 USOIL The main goal is to decline to support levels👉 USOIL The main goal is to decline to support levels
The emergence of an uptrend from a support level with a breakout of a downstream channel
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USOIL Long: Bearish Butterfly, Tweezer Bottom & Fib ExtensionTrend: Upward
Candle Sticks: Tweezer bottom at the new LH.
Support & Resistance: Support at LH and Resistance at TP1 and TP2.
Fibonacci Retracement and Extension: Retracement level of the previous rally is around 0.6 and the next HH would be around 1.2-1.4
USOIL probability bullish for 110.00#usoil, oil price fall from 121.00 like falling bricks and tested 97.00 strong support area. I Started predict fall from 121.00 for target 97.00. now oil has tested 97.00 & 94.20 strong support area. 7th July made a strong bullish bar broker previous day high. oil may take long around 96.00 & 95.00 for target 110.00 however 106.00 preliminary resistance may take partial profit taking while medium term target 110.00.
June W.5: Medium-term trend signal!Hi friends, I hope y'all had a fantastic weekend and are ready to finish this month strong ;)
Today, we have 2 possible sell trades on this baby. Last week I shared a trade idea on this instrument and we missed the trade, however, the price didn't reach our take profit point which that gave us another opportunity to catch the bearish trend. This trend is derived from the monthly that is in the huge bullish half a bats level 2 formation that will either bearish bounce off or break the 8 m.a that hasn't been retested for 4-5 months to confirm the trend-continuation. So we looking forward to taking a counter-trend trade, but there are 2 possible scenarios that will determine in getting the trades or not.
Bulls: -If the price forms a bullish reversal pattern that leads it to bullish break and retest the Daily H&S Neckline 2 together with the 50 and bullish short-term m.a's, that will dis-confirm both trades.
Bears: -If the price bullish bounces of the Weekly Neckline 3/Daily H&S Neckline 2, 50 and 8 m.a's with a bearish reversal candle or pattern close, that will either trigger what I call an "H&S A-E.3 SELL signal or H&S B-E.1 SELL signal". That's the first trade signal. For the second trade signal, after the price has trigger the first trade and proceeds to drop and break and retest the 1st Daily Ke Lvl, that will trigger what I call an "H&S B-E.2 SELL signal" that will lead to a 2 level drop to the last take profit point. That drop will form a big double top on the weekly, and it be visible on the monthly as a mini reversal pattern.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.
USOILHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
June Week 4: USOIL Medium-term trend!Hi friends, I hope y'all had an awesome weekend and ready to tackle this week strong ;)
Today, we looking at a possible bearish trend here on the daily. This trend signal is derived from the monthly where the price is in the bullish half a bats L2 formation that will bounce off or retest the 8 m.a before continuing the patterns trend to its 3rd level. So we are currently anticipating a counter-trend, and when its done we'll hop on the main trend. Let us see how the bulls and bears might behave in either triggering our trade signal or dis-confirming it.
Bulls: -The price will dis-confirm our trade by forming a bullish reversal pattern that will lead the price to bullish break and retest 2nd Monthly Key Lvl (stop loss area) together with 50 m.a (light blue) and bullish crossed short-term m.a's (dark blue and red). If the price does that it will trigger the weekly's double bottoms signal and I'll share it here.
Bears: -The price will bearish drop for the head and shoulders trend together for the 200 m.a (that's visible on the Mt4 chart in white color) and short-term m.a's trend - probably after it has bullish bounced off the Daily H&S Neckline 2, 50 m.a, and bearish crossed short-term m.a's with a bearish reversal candle pattern. That will trigger what I call an "H&S A-E.3 signal".
That's it for today. I hope you found value in this. If you have a different perspective on this instrument, feel free to share it in the comments section or direct message me, I'd love to know your thoughts!
Stay Blessed,
Doji-2K1