Brentoil
Crude Oil Elliott Wave IdeaSmall timeframe idea, possibly in wave 2 or B correction which could reach $36,40 > $36,96
Brent Oil (Weekly)Prices are moving in a narrowing channel. If the prices can be permanent with the trend support passing through the middle of the channel, the target price will be between 67-63.
If they cannot be permanent in trend support, they can retreat and contact the bottom support of the channel again.
Only personal opinions and ideas. Does not Include Legal Investment advice...
USOIL Long Trade Setup! Welcome to Profitlio Trading!
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USOIL Showing a nice Inverse Head and Shoulder. A long trade after a perfect neckline breakout and retest will give a nice return 2-5 times higher the risk. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Try again: Brent Oil Entry Level at 40.72; Target 43.00Triangle formation, will TVC:UKOIL CURRENCYCOM:OIL_BRENT break the triangle and move upward.
Stop Loss at 40.00.
Initial trade today at BUY at 40.80 stopped at 40.30.
USOIL is Showing Very Strong Recoveries! $43 Coming Soon! 🛢 📈Welcome to Profitlio Trading!
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Here I have done MTA for Crude Oil to find the most accurate entry on the market. Wait for confirmation. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
USDCAD potential bullish reversalon DAILY: USDCAD is sitting inside a strong support area in orange, and almost filled the previous GAP, so we will be looking for objective buy setups on lower timeframes.
on M30:
Short-term: we are waiting for a new swing to form around our blue trendline to consider it valid and enter on its break upward.
Long-term (conservative): we are waiting for a new swing to form around our red trendline to consider it valid and enter on its break upward.
we also have a regular bullish divergence on MACD adding more confluence to our buy setup.
Meanwhile, USDCAD would be overall bearish , until a buy setup is activated.
Brent to Break over $40.00 to $45.00?Lets see if the price squeezed in this triangle breaks and the bulls have the day...
BRENT CRUDE #OIL IS COMING BACK TO THE STRONG LONG POSITIONHello,
We have a very good comeback for brent crude oil. If you are following this pair since, from the recruitment period you might note that pair is growing steadily and this the point that I saw too.
Lets, discuss some different tools, what I used for the careful forecast. As you see I used two different and very attractive pitchfork, which I'm going to discuss right now.
#1 Simple #pitchfork
As you see from the lowest point and the next highest point I found the trend line, which is out of the standard pitchfork and it didn't follow the borders of the fork. For me, it means that Brent crude oil either long or short position, which was not guaranteed for more than 50%. ( When I see the chances are more than 50%, I always follow this trend!).
What the next decision?!
#2 Schiff Pitchfork
And here we are! DOo you see the borders of the trend and exactly tunnel where brent crude oil is increasing? This is another positive hint for me to choose a very long position and follow these lines right now.
And the last part of my forecast!
I never forget SL and TP part, what I already mention on this pair and please, use them too.
I wish to receive your, follower, likes, or comments and we can discuss it.
Crude Oil Elliott Wave IdeaUpdate on below chart.
Could be more upside yet before a larger correction.
USOIL Multi-timeframe Analysis! Understanding the Market!
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Its highly bullish since the market negative values. Look at the monthly time frame its a perfect breakout off the key level which can be considered as the major one on the market. Now we should be waiting for a perfect retracement to be done on the key level and look back for longs towards 200EMA resistance or upper key level hanging around $42. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Today's matrix for mid term trading on m60 and h1 timeframes.ICEEUR:BRN1!
Hi everyone. My analysis done for my main timeframe 5m. I start from higher timeframes and move down to lowest m5. As my analysis is already done, I'm publishing matrix levels also for h1 for mid term traders.
If somebody is interested in higher timeframes such as D1, W1 please let me know in comments and I will publish these levels too.
Moved to new contract. Futures contract for Brent crude , London exchange ICE 08-20
My trading is based on market phases.
For timeframes m60 and h1:
Buy after breakout on the test of level 36.92, target 38.19
Sell 33.7, target 32
NOW That Brent Oil Tested 36, What Next???Brent Oil rallying to 36 last week; 3 weeks after our prediction. Now that Brent Oil has tested 36, any price rejection can see the commodity going down to test its bullish order candle below 28. Before then, enjoy the bulls while it last...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Zinc Mcx Short at 154.5 with SL 157.3We are doing Analysis of ZINC MCX on 1 Hour Timeframe.
The projected target from the breakout is usually the vertical distance from the high to the bottom .
Note: This is only for Educational Purpose this is not an Investment advice.
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Thankyou
Ankur Verma
Twitter : Ankurverma3838