US OIL 6/5/2017 and some related issues
Updated
Prices have broken the up channel, sure.
Closed the weekend we see a pinbar, It is created in demand zone
If the price rechecks the bottom of the pin bar and does not break it, then we can buy
We still have to wait
Maybe we need some more candles to confirm this.
However I think this is a zone high price reversal.
The main resistance zone is located in the upper inside bar area
Some related issues :
The EUR/USD pair is rising very strongly
If you look at two weekend candles, prices could break the resistance
If this happens the xxx/JPY pairs will double check the bottom zone again
However, looking at candle week, they are in an uptrend
Gold will rebound. looking at candle week, it is in a downtrend
The problem here is the EUR/USD pair
Have a nice weekend !
Closed the weekend we see a pinbar, It is created in demand zone
If the price rechecks the bottom of the pin bar and does not break it, then we can buy
We still have to wait
Maybe we need some more candles to confirm this.
However I think this is a zone high price reversal.
The main resistance zone is located in the upper inside bar area
Some related issues :
The EUR/USD pair is rising very strongly
If you look at two weekend candles, prices could break the resistance
If this happens the xxx/JPY pairs will double check the bottom zone again
However, looking at candle week, they are in an uptrend
Gold will rebound. looking at candle week, it is in a downtrend
The problem here is the EUR/USD pair
Have a nice weekend !
Comment
It will still works in the expanding tringle pattern
Starting to sell again
Target is about 40-42$ /barrel
Comment
Comment
Sell after pull backDisclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.