UKOIL 2 hrsI see UKOIL drop to Cam S1 and trendline area for now. If trendline will be broken with a proper breakdown it will drop further.
It was rejected at Cam R1 (above that bullish weekly dominance)
Cam S1 - R1 - neutral area of last week´s close, range zone.
Stochastics on 2 and 4 hrs overbought.
For educational purposes only.
Xbrusd
...as Buyers looks to push the Price of BRENT higher.When there is a will, there will always be a way! Buyers are aiming to get Prices as high as 70.00 for UKOIL aka BRENT(XBRUSD) medium term.
Longer term - Invariably the overall goal for Buyers is to get Prices for this sweet juice trading above $100 per barrel, actually up to around $108.00 mark, all this culminating from activities of the early days in 2016 with precise origins at the beginning of the year before(2015) but this motive was not supported throughout that year.
Mavintrades - Only the Technicals are considered at Mavintrades and no single thoughts/interest afforded to any sort of Fundamentals in all our study..
Brent Crude Oil - Shorting opportunityBrent Crude Oil does not seem to have the support it needs to make the push higher up from the 4H chart. MACD 8H is making lower lows as well.
As long as the 4H 50 EMA holds strong as resistance, the move further down is active.
First TP is at Fib Extension 1 which is 64. If prices still aren't able to find support at that price, then sell further till 1.618 (62)
RSI 100 downtrend 50 EMA crossed over 600 EMA and is in very fine falling position. Price pulled back to Tenkan line and will keep dropping.
Trade trends after 50 EMA (it has to be in declining or rising position). Enter trades upon pullbacks to Ichimoku´s Tenkan line. Trend ends when you will observe divergence in long term RSI (70-100) - when RSI unlike price will fail to make new high.
BRENT OIL 900 pips up for grabsUKOIL
To open SHORT positions for UKOIL , it is required:
TRADE ACTIVE
Risk Description: Small lot size for entry and we will add more positions as we make progress. Minimum 300 pips will be up for grab with small risk SL at swing high. Target scalp 900 pips
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
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 ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.