ValonSaliju
channeling down due to the virus and the loss usd could have with the cuts of usd GDP
-Price found a nice ressistance at a major lvl of 110.00 and failed to maintain above -pattern in play is H&SH -we wait for a break of neckline and retest and look for a proper Price Action for a good entry in H1 & 15M TF
EJ is trapping traders on sells but with much chance it will move up to touch the trend line and trigger the stop losses of traders holding shorts trade safe
possibility to move higher and make a new HH with a touch of TL ... 1.2 RR
if we see a clear break than retest of 80 we have potential of meeting the targets pointed in chart ... trade sasfe ..... BTMM
If we can remain above the 60$ per barrel in the upcoming first days of the next week we can easily see OIL rocketing to the 63.5$ per barrel also fundamentally OIL is bullish .. Trade safe !
Price broke the TL made the first push lower we can anticipate a further downside on this pair to meet the extensions target -27 & -618.... If we manage to stay and have a strong closure below 107.900 we can see easily to meet the targets !!!!
head and shoulders in both h4 and 1d timeframe spotted it can retrace a bit in 38% than go down max 100pips