ESH2020 halfbacktake a look at the new posted tool and how the bounce ended right at the 50% of the last swing
50fibo
A Classic Technical Set Up on Crude Oil (WTI)A classic and simple technical set up-Playing the 50% Fib Level at $56.95.
Pivot Point is $57.11, if we can hold below this level, especially because of the fundamentals that came out on 11.14.19, we might see price revisit $54-$51. My long term TP is $47.
I will monitor the trade by keeping up to date with the fundamentals.
Stay tuned for updates.
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Good luck & happy trading!
Elliot wave+ Cypher+FibonacciThe cable has stopped its C correction wave right on 50% Fibonacci retracement of the first Impulse in h4 chart; we can clearly see a Cypher pattern, now price is in PRZ and there are good chances for an upside movement until 1.2390;
in h1 chart Rsi has just crossed 50;today USA data were mixed and the inflation CPI meets the forecast but 1.8% is STILL UNDER FED TARGET so there are possibilities for another cut in 2019, USD is beginning to have a bad time!
stop loss at 1.22560 take profit 1 at 1.2390
long term view : it will depends on BREXIT news but I think 1.25400 is a possibility; I will update you on this trade
