BZ1! trade ideas
Brent. Weekly candle.W:
absorption candle
a large range is not confirmed by an elevated volume.
Further growth is possible, but not for a long time - the market is weak.
Basic levels at the beginning of the week, where I'm looking to set up:
1. previous week's Hi 57.53
If the price goes higher, the LONG input will set up trend continuation (retest, consolidation breakdown, VSA)
If the price bounces, the SHORT input is set up reversal (double top, false break, VSA).
2. basic support level 55.88
This is the target level for a short position,
I'm also starting to look for reversals at this level.
Translated with www.DeepL.com (free version)
Gartley pattern at Brent Long set upWatch the breakout of down yellow trend before entyr long position.
Brent Oil Futures (BR1!) Catching Bearish Wave
Brent oil has reached a strong level of structure.
It is a combination of a daily structure and a recent gap open level.
+ 618 retracement of the major impulse
I will be waiting for a bearish breakout of the rising wedge pattern to short the market.
The initial target will be
56.2 level
Target 2
55
Target 3
54
Stop
58
*if the market respects support of the wedge and sets new higher high
setup will be invalid
Brent Oil Futures, The best place for Buy!!!The best place for Buy Brent Oil Futures will be near the Support level 45.00.
The price bounced from it several times.
Potential profit will be in 3...5 times bigger than risk.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
BRENT OIL, FIRST IDEACurrently in a range, brakeout either way is going to see the price go test a prior are of interest. Bias is towards bears.
Fractal correlation Brent & Inverse Gbp Jpy weekly The Future of Pound Sterling is GREAT TREND LONG , but now the last descending for Gbp Jpy
#Brent - Testing support.Brent Oil initially bounced off what I interpreted as a double bottom. My target at this stage was around $75. Unfortunately this did not play out and the price has come all the way back down to the new horizontal support.
#Brent Oil - Targeting $75 if pattern plays out. Brent remains bullish after breaking TL (Green) to the upside. If this pattern plays out, $75.72 is the potential target price.
Brent Oil Changes Ticker to BURN1!Hello Traders,
Would just like to remind you that we still need oil to get to space.
Gold is a heat reflective material required for space travel and atmospheric re-entry, so please hold and sell your gold accordingly.
Also, Brent changed their ticker from BRENT to BURN1!.
MACD signal line will cross going upward on the month-view around 69 dollars according to the Madrid Moving Average Ribbons.
Squeeze is up, ADX increasing, DI- over DI+.
Happy Holidays and have a Great New Years!
See you all in 2020!
-dysonring2050
