Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
Hey there traders! here is the full analysis for this pair, let me know what you think about this pair at the moment! If you have any questions let me know! I always answer all the comments!
We broke a super strong support level on OIL last week! When support breaks, it turns into resistance. What would be the ideal situation? The best situation would be a retest of that zone and some rejection, showing bears want to push price lower! Also the daily resistance lines up perfectly with the 0.78 retracement on the Fib. So i am currently short on OIL....
Hey! So we are currently facing some major resistance on the monthly time frame, so do expect some kind of rejection or some response to that level. Previously this was a super strong level which caused a lot of reaction from it! On lower time frames (Daily & 4HR) we can see a triangle form. For some this is a sign of bullishness, but wait! This triangle is...
On the 4HR timeframe you can clearly see a head & shoulder pattern. Before entering the trade i advice waiting till the imprortant resistance is broken and retested and will hold. The green bar is a important level. But i am currently waiting with a bullish bias. When the break happens, i'll wait for a clear retest and rejection. When that happens i'll enter. ...
On the 30 minute timeframe i can see we are forming lower highs and lower lows, also tring to break a strong resistance, if that happens, wait for the retest and if that holds it is time to short the market!
In my previous post is said that my bias was short, i've digged a little deeper in the charts and found some interesting thing! I spotted some divergence, the chart is giving lower lows, but the RSI gives me a higher low, this is a normal divergence indicating that a bullish rally might accur. I'll keep my eyes on the chart but i think the trend might continue.
We got some rejection from the 200 MA acting as a strong support, but we might just be forming a new lower high and then continuing the downtrend. We also broke the trend line that acted as support. My personal bias is now bearish, if the previous lower high gets broken, my bias might change. Let's see how it reacts to the fibonacci levels!