Get started

Brent

OIL TRADING PLAN| KEY LEVELS|ALL YOU NEED TO KNOW| OIL is trading in a falling channel/wedge and is approaching a confluence of resistance level. Having missed all the long opportunities I am looking at a short trade and I am waiting for the market to present me with the reversal pattern. IF this confluence fails, My next short target area is the 43-44$ massive daily resistance level. The market will almost certainly respect it and give us a nice pullback trade. Watch the video for more details. Like and subscribe to never miss a new video! See you all then!
TVC:USOILShort
by ProSignalsFx
3
#USOIL - Reaching Decision Point - Multi Time Frame AnalysisTraders, USOIL has been consolidating for quite some time and that's why we did not cover this in our analysis. It reached 61.8 fib level and 200 sma that we identified few weeks ago. But since then there has not been too much of movement from swing trading point of view. Now that it is reaching a point where it will have a make a decision, we are starting to look at it once again. Keep an eye on the DXY (dolar index) for the dollar strenght measure. Sorry about the issue with last time frame analysis. I will try to cover that later in the week if the market starts to move. If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:USOILShort
by vikinsa
2
BRENT OIL top-down analysison DAILY: BRENT OIL is approaching a strong resistance and GAP zone so we will be looking for objective sell setups on lower timeframes. on H1: OIL is currently trading inside our orange channel, so we are waiting for a new swing to form around our lower orange trendline to consider it objective and enter on its break downward. we also have a regular bearish divergence on MACD. meanwhile, as usual, BRENT OIL would be overall bullish until an objective sell setup is activated.
OShort
by TheSignalyst
10
BRENT OIL two possible scenariosBRENT OIL two possible scenarios price is overall bearish making lower lows and lower highs. Moreover, Oil is trading inside our blue channel (not objective yet) First Scenario: ------------------ on H4: waiting for an objective break above our upper blue trendline to buy. Second Scenario: --------------------- meanwhile, price is still overall bearish and sitting around our upper blue trendline (which acts as minor resistance) so we will be looking for objective trend-following sell setups on lower timeframes on M30: price formed an objective trendline in red, a double top pattern in gray, and we also have divergence on MACD so three confluences are enough to consider sell Oil after a momentum candle close below our gray neckline.
O
by TheSignalyst
3