Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
IT is quite obvious that an ascending triangle has been formed. Will this be an opportunity for an upward move? Of course, it must break upwards. Currently, crude oil at price floats around 72 USD/barrel and if we see a significant upward move it will probably reach 73 as a first Stop. Today 28.07.2021 Wednesday, Crude Oil Inventories will be released, last...
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
Hi Traders, USOIL weekly: There is bullish pin Bar Daily: An inverted head & shoulder is visible 4 H: The price has created an inverted head and shoulder pattern and also the price is just above a daily important support. Speculation: It is likely that this instrument may break the symmetrical triangle above and start to uprise. Please support this idea by...
Usoil made a low , then recently made a lower high , and now im expecting it to make a lower low. I have entered a sell trade now and im holding until price makes that new lower low. Im trading small and im going to let it ride
Hi all we have a great Break in market structure so we think about to sell for our short term low (sell from a High resistance area to another one).
WTI Oil is trading within a strong daily supply cluster. Taking into consideration that from the beginning of the month the market is very sharply bearish, chances are high that the price will start falling soon. Goals: 70.0 67.7 ❤️Please, support this idea with a like and comment!❤️
Hello Traders! Check Related Idea for market context!! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
Pattern: Channel Up on 1D. Signal: Buy if the Lower Highs trend-line breaks or if the MACD forms a Bullish Cross. Target: 80.00 (below the 1.5 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
There is a very low volume around 70-75 range for crude oil. If there is a reason to increase the price, it will shoot past this range and go to 90 and beyond. If there is not a concern it will revert back to <60 prices where oil is mostly traded. Now might be a better time to use some options strategy such as Straddle or Strangle. In my opinion, it will fall...
Traders, USOIL had a great fall and we profited from that. We have been expecting it to fall further down but it recovered quickly Most probably to collect the liquidity once again. That means it can go higher and even higher than the previous high to collect the stop losses etc. That is why we plan for all eventuality and trade what we see irrespective of the...
USOIL after our last week's amazing profit started a string retracement move. The market tested the upper trendline of a descending channel exactly at the 0.618 Fibonacci level According to Plancton's strategy, if the price will break below the support structure, we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
Description US OIL Price is trading the Resistance Area and it is also reacting to the 1HR resistance so it is possible to drop the buying area is 71.262 and we will put the stop-loss above the resistance level of 72.502 Why we like it: Price Trading in the Resistance area Formed Evening star candlestick pattern Attend the 100% fib level 1st...
The move upwards seems to have ended and the retracement probably will take place. As always the minimum retracement is at the 61% fibo level (o.38 of the fibo tool). Taking into account the historical Volatility of this instrument suggests a return to the mean. > "Simple, not complicated, best value for time analysis".
Hey Traders just wanted to give a weekly update on what I see happening in the markets this week. A few developments could be taking place especially with the FED decision on Wed. Enjoy! Trade Well, Clifford
USDCAD is approaching the ascending trendline where we will be looking to go long. We are expecting CAD weakness for various reasons and so this would push USDCAD up. This pair has a LOT of room to move up, FIRST TP is 500pips. Check out the VIP for educational and in-depth analysis! As always, Goodluck and trade safe!
USDCAD is approaching the ascending trendline where we will be looking to go long. We are expecting CAD weakness for various reasons and so this would push USDCAD up. This pair has a LOT of room to move up, FIRST TP is 500pips. Check out the VIP for educational and in-depth analysis! As always, Goodluck and trade safe!