Oil/brent/crude trend upBrent crude oil has been in a long term channel since middle 2022... now for traction and direction of its trend is up... for moment. Better safe then sorry!
XBRUSD trade ideas
Down the rabbit holeUnfortunately I have no clue if the coincidences will keep on popping on this one as I was doing a little bit of a Stand Up while drawing this. Actually I was standing down, but that's for that's for another story.
Don't go down the rabbit hole. It's not what you expect.
No trading advice on this one. This is more crazy than it should be.
Original idea linked to this one. Don't go down the rabbit hole.
What's with the oil?Brent oil is moving towards a three-month high at 85 at a cheerful Cavelrian pace, and most likely will reach it in the near future. Now it is much easier for me to imagine a rebound from this level than its breakdown. Therefore, for the time being, I am oriented to sell from 85, of course, if there is a signal to sell.
REAL ACCOUNT 25118205 and 25118160REAL ACCOUNT - 25118205 and 25118160
Timeframe: H1
Lot: 0.03
why We do that ?
1. 1D and 4H trends go via bullish line
2. we can see easily THE TRIANGLE PATTERN
3. Moving average is bullish , Trend is bullish , Also triangle module
Tactics :
Entry price: 83.98
Take profit:85.5 ( 45.60 $ ) 152 pips
Stop loss:83.36 ( 18.60$ ) 62 pips
Warning :
SWAP - 2.01$ per day
Spread> 1.8$ - (make accurately !!)
REAL ACCOUNT- 25118205 and 25118160REAL ACCOUNT - 25118205 and 25118160
Timeframe: H1
Lot : 0.1 and 0.03 lot
why do we can do it ?
1. Traingle pattern in bullish trend
2. Moving average show us this trend is bullish
3. Trend is bullish
Tactics :
Entry price: 83.98 - 0.03 lot
Take profit:85.50 ( 45.6 $ ) - 0.03 lot
Stop loss:83.36( 18.60 $ ) - 0.03 lot
Warning :
SWAP - 2.01$ per day
Spread> 0.6 and $ - (make accurately !!)
150$Hello everyone
As the chart said we will have higher price for Brent Oil.
DXY must be checked or be in watchlist and either XAU is a chance for buy position.
Losing trade with Brent oil.Yesterday's deal to sell Brent oil unfortunately turned out to be unprofitable. Closed manually. I think quotes can go up to 85 and in some circumstances it can be even higher.
The Price of Brent Oil Reaches the Level of ResistanceSince the beginning of the month, the price of Brent crude oil has risen by about 10% — this July could be the best month since June 2022. Yesterday, the price of Brent exceeded USD 82, for the first time since April.
Among the drivers of oil price growth may be:
→ production cuts by Saudi Arabia;
→ restriction of export from the Russian Federation;
→ expectations of new measures to stimulate the Chinese economy;
→ summer growth in demand for gasoline and aviation fuel in the US.
However, technical analysis tools give arguments to suggest that the July rally may slow down, as:
→ the price of Brent oil on the daily chart has reached the moving average with a period of 100, which may attract traders to open short positions;
→ the price of Brent oil has reached the upper limit of the channel (shown in red).
The effect of these two factors of resistance may appear as early as tomorrow at 17:30 GMT+3, when the weekly data on oil inventories in the US will be published.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Oil Ping PongNo trading advice here, I am just presenting a bold and daring unconventional method.
Looking for Heiken Ashi reversals at the shapes, or continuation in case of indecision, consolidation, rebounds etc. Follow the Heiken Ashi Candles for entry points. After a green wave, a red candle might appear at a shape, or the other way around. Position should be managed with stop loss trailing the highs or the lows of the Heiken Ashi candles.
This is a swing trading approach that can be better suited with a hedging account, in case an opposite signal arises and the initial position hasn't stopped out yet. This way the initial position rides the wave for as long as it takes.
If this sounds too crazy to trade on, you can look at it as an experiment, just like my other ideas with unconventional shapes, where interesting coincidences and rebounds have happened where the price met the drawings.
Sold oil at 80.50In my opinion, the growth of Brent quotes was not supported by large players, as a result of which the quotes began to roll down a slope. Sold at around 80.50. A little later we will see what came of it.
Brent on 4HIchimoku is God!
Also, the two-hour candles convinced me that this purchase is happening
Waite Until...
Brent DailyLook at Brent in the daily time frame. We can save profit in all the orange lines on the chart.
Wait until the result
DeGRAM | UKOIL anticipation the continuation of trendUKOIL broke above the psychological level at 80.000. The market is making higher high and higher close.
The market is trading in the ascending channel, indicating the bulls are in control.
We anticipate the continuation of this current trend.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Brent - a brief overview.I think it will be difficult for oil quotes to stay above $80. At the same time, it will be necessary to pay attention to the mood of the participants - whether they will dare to sell below 80 today - at the end of the week.
Brent - technical levels.Brent oil has approached resistance 81. If we manage to pass this mark and gain a foothold above it, then the next obstacle will be level 85.
POTENTIAL SHORT TRADE SET UP FOR UK OILAsset: UK OIL
Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections
Directional Bias: Short
Entry: Continuation Corrective Structure after the breakout.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future results. Trade Responsibly!
#TheTradingAmbience 🙏🏽🙇🏽♀️
Oil Indicates Bearish Trend as EMA 50 Crosses Fibonacci .618Recent technical analysis has revealed a bearish signal as the Exponential Moving Average (EMA) 50 has crossed the Fibonacci .618 level, indicating a potential downward trend in oil prices.
Technical indicators serve as valuable tools to assess market movements and make informed investment decisions. The EMA 50, in particular, is widely recognized for its ability to provide insights into medium-term trends. When it intersects with significant Fibonacci levels, such as .618, it often signals a shift in market sentiment.
Given the current scenario, it is crucial to exercise prudence and consider the implications of this signal. While it does not guarantee a definitive outcome, it is a noteworthy indication that suggests a potential downward pressure on oil prices. Consequently, we should reevaluate our investment strategies and exercise caution before making further commitments in the oil market.
Given this information, I encourage you to hold on to your existing oil positions and refrain from further investing until we witness more precise market signals. It is essential to closely monitor the market and observe the subsequent price action to understand the potential trend direction better.
As always, it is essential to remember that market conditions can change rapidly, and it is crucial to remain vigilant and adaptable. I recommend staying updated with the latest market news and conducting thorough research before making investment decisions.
Please comment with me if you have any questions or require further clarification. I am here to assist you and provide additional insights to help you navigate these uncertain times.
Brent to 83 this weekDay 46/100
- Clear break of 78-72 range
- Retested 78 as support
- Expecting more upside into 83 at least by this week
Implications on FX
- While CAD may be dragged down by USD underperformance, OIL may give it some boost as we expect upside momentum to resume briefly
Strifor || UKOIL-07/19/2023Preferred direction: BUY
Comment: The medium-term and long-term picture of oil looks most likely in favor of the seller. To be completely sure of sales, it is necessary to wait for the price to close below the level of 77.39. The short-term picture is quite unusual, and most likely today-tomorrow will be in favor of the buyer. The level of 80.59 suggests itself for a test, and perhaps further buyers will be able to reach the local maximum at the level of 81.7.
Thank you for like and share your views!
Sell ukoil m30What can be seen from the oil chart is a price range of $78, which can serve as a short-term target for selling oil within a 30-minute timeframe. It offers a favorable risk-to-reward ratio, and with proper capital management, one can proceed with selling.
