KeepTrying12

KeepTrying12

USOIL is at the 0.618 Fib retracement and it seems to form a HEAD AND SHOULDERS pattern. In case of the break I'm looking for a LONG position. What do you think ?

KeepTrying12

As you can see USOIL formed a MORNING STAR pattern on daily , near a trendline that starts in May 2020 than retested few times in May 2023, and also the RSI is near oversold area.

KeepTrying12 Updated 

testing the trendline. getting long and adding at 1.10200

KeepTrying12

on 1H we can see a doji with a confirmation , it could be a nice pullback

KeepTrying12

I can see a Head and Shoulders formation here , waiting for confirmation

KeepTrying12

On 1H timeframe we can see a morning star pattern. The target is the previous support 1.06000.

KeepTrying12

I'm bearish on USD until 16th of march when FED will speak . I hope someone will find this idea useful .

KeepTrying12

It formed a morning star on 1H chart at 0.5 fib retracment, it might be a good entry point

KeepTrying12

seems like it is creating a new ascending chanel . need some more confirmation

KeepTrying12

it failed to brake the resistance on 4H chart and formed a nice bearish candlestick. I took a short at 1.80708 with a very small stop loss. I'm curious to know what do you think about this . Ideally it would be to wait for a confirmation like closing under 1.80200.