taming_the_mind

taming_the_mind

Oil is currently doing a sell correction , I believe Oil is being bullish here Technically on Daily and Weekly. I expect it to go as high as 59.42. I am expecting to join this upward rally once the sell correction completed. Business area to Buy at 49.30 – 49.98 Buy bias aim for 2R or above.

taming_the_mind Updated 

with this set up potential Risk/Reward = 8:1 This is the 1st entry. More contracts will add into the strategy if things play out nicely. will be updated.

taming_the_mind

2nd sell below 23.65 from the top. 1st entry moved to BE

taming_the_mind

I would still still will the idea to long around 44.00 level

taming_the_mind

Between 42.60 - 44.20 is the range to be retest for its support strength if Bullish is valid. If it is valid, I would enter from those levels and target for Target D. With Scale in strategy. From the Fib levels that is bisect with previous high.

taming_the_mind

Practicing : Scale In strategy - Expect to achieve Risk:Reward Ratio > 10:1 1st position - looking to enter at around 0.72875 Final Target at 0.69800

taming_the_mind Updated 

AS suggested from the chart, also currently reverse from RSI low Target 1 1330 Target 2 1342 Trade with your own risk :)

taming_the_mind Updated 

As suggested, short from the downward channel, price tried to break out of it but failed from this resistance level around 0.85235. Already pull back and retest. Resistance level continue to be valid. Also, Reversal of RSI around 66 (overbought). Target 1 : 0.84451 Target 2 : 0.8370

taming_the_mind

A daily closed today might shed some light on it

taming_the_mind

Entry @ 102.21 SL 40pips Target 1 @ 103.91, 1% 4:1 Target 2 @ 106.07, 1% 9:1

taming_the_mind Updated 

TP 1 @ 1.12413 Final TP @ 1.15344

taming_the_mind Updated 

Friday closed nicely, giving more confident to the Long setup here.

taming_the_mind

IF 47.64 successful break down again , then we can sell it down to 46.85

taming_the_mind

As the chart suggested, Fibonacci levels 0.382, 0.5, and near 0.7 happens to be the liquidity areas. Possible to add or close contracts according to those levels.

taming_the_mind

I would wait for it retest 1.04474 first before jump into this potential trend. We are now in the liquidation area. As you see Friday closed bearish. I need a clear confirm signal that it is turning around to enter. Patient. It would also be nice to see the RSI turning around also.

taming_the_mind

Re-enter at previous Fib 61.8 level. 1.3046 , Liquidation area. Target to 1.3425.