USOIL is currently trading within a descending triangle formation which is a bearish indicator. In this case, it is ideal to trade the break to the downside, as opposed to a symmetrical triangle which has two implications.
Key support of the triangle lies at $43.75 and in the case price breaks to the downside, price may likely push down further and targets lie at...
Price on the daily perspective has been capped within a symmetrical triangle for just over a month. Price is currently coming to the very end of the triangle and could potentially break to the upside or downside, giving two different scenarios for trading opportunity.
In the case of a break to the upside: it is ideal to wait for a break of the resistance level...
Price on EURUSD is currently trading within a range and is capped by an up channel formation as indicated in the chart by the purple shading.
This formation is indicates overall bearishness building up on EURUSD making price likely to push down further on the 4 hour time frame.
Key support levels include: 1.1125 and 1.11.
Key resistance levels include: 1.12 and...
