CRUDE OIL Inverted Head and Shoulders Seems like a good neckline breakout supported by the trend indicators + the oil news from this weekend with the EVERGREEN tanker.
Xtiusd
XTIUSD SHORT TRADE 2HR OIL USOIL ENTRY : $59.300
STOP LOSS : $60.300
FIRST TAKE PROFIT : $58.480
RISK : 1% CAPITAL
Once first take profit target is hit i will close half the position. We will then look for continues of trend. As we have more information i will follow up with an analysis on remaining open position.
GL.
Please feel free to comment and discuss.
If you like this idea or traded it with me please like and follow for more ideas.
TRADE UPDATE TAKE PROFIT REACHED, OIL XTIUSD USOIL XTIOur first take profit target is hit!
We have now closed half the position and will look for continuation of trend.
I will update analysis when we have more information available.
If you like this idea or traded it with me please like and follow for more ideas.
ORIGINAL TRADE IDEA BELOW
XTIUSD New Analysis!Hello Fellow Traders, Here is a Full Updated Analysis on XTIUSD.
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
7.Show some support Below (Like , Comment , Follow & share)
Let Me know if you have any Questions or Comments Below
Happy Trading & Goodluck!
See You in the next Analysis!
Global Fx Education
CRUDE OIL - Detailed Video Top-Down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Oil next down movementHi everyone,
As i mentioned in the past, oil rallied as expected to the target mentioned 50-58, now it will be time to sell it down to 30 usd
Good luck
WTI short / Expecting a ranging marketWTI has earned us plenty of profits during its bullish run that started about 2 weeks ago, but ever since hitting the 2021 top we have moved into more of a ranging market.
We've taken a short and have one more sell order at the upper orange level as there is a chance of a retest and that is where we expect/believe bulls to get "tired" and price to reverse back down.
We see good reasons for most commodities to drop, including XAUUSD and XAGUSD.
As for the reason to short WTI, we have our classic 30% fib resistance, price making lower highs and currently being at the top of its range, it might not be 100% ready right now but we do believe it could be the case soon enough.
Oil Decline is suspected in Coming sessions.Oil is reaching its resistance which is around 48. The second Covid wave is more deadly which is affecting the world. Oil prices will drop down more.
How to use OBVOn Balance Volume can be a powerful tool to confirm price turns before they happen, especially in commodities and commodities-related pairs, such as CAD.
Here you can observe it for yourself on Crude Oil weekly chart. The drop in crude was quite predictable as you see.
oiloil is creating lowe lows lower highs in lower timeframes. short term im looking for sells with target 40.00
USOIL Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: USOIL is sitting around a strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H1: USOIL formed a valid trendline in red
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: If a new blue dot is formed around our lower red trendline, then we will update our gray area.
Good luck!
oiloil breaks a str0ng resistance. retest is holding very well. candel are closed still bullish.
target 43.00
CRUDE OIL video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Oil Buy Zone Near 37.50 price Zone, Next Target 43.00Oil Buy Limit n@ 37.50
Sl: 36.50
TP1: 39.00
TP2: 40.50
TP3: 41.50
TP4: 43.00
CRUDE OIL video top-down AnalysisHello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
OIL - Wick EntryI would be nice to attempt to get a wick entry from key previous structure down to the next key zone marked. Let's see if we get a significant pullback followed by rejections before we consider a sell.
Bullish exhaustionPrice formed a sort of an apex - liquidity block and very soon there will be breakdown or breakout from that box. From very weak bullish rise we can see that bids are exhausted and price should seek liquidity lower running down to the next major liquidity base to fill that low steam bid rise.
Top Absolute Correlation 1 Day
1 XTIUSD - XBRUSD 98.6%
2 XTIUSD - GBPNZD 74.6%
3 XTIUSD - GBPCAD 68.2%
4 XTIUSD - GBPAUD 67.9%
5 XTIUSD - GBPMXN 67.2%
6 XTIUSD - GBPSGD 66.9%
7 XTIUSD - GBPUSD 64.1%
8 XTIUSD - EURGBP -63.4%
9 XTIUSD - EURCZK -62.5%
10 XTIUSD - GBPJPY 61.0%
