BRN
Short OilBrent Oil is in overbought territory, likely forming a triple top on the daily chart, and retrace to test the trend line. short here with a first target around 70 and second target at 60.
$BRN volume potential BREAKOUTSomebody knows something about something id say, line wipes coming through
FREE SIGNAL USDJPY H4 SETUP-NEW SIGNAL-
Type : Market Execution
Date : 11.10.2016
Time : 11:20 GMT+1
Technical : The USDJPY is on nice supply h4 zone with formed BEOB, we looking for a short setup.
Pair : USDJPY
Timeframe : H4
Trade setup : Short
Entry at : 103.900
Take profit 1 : 101.828 ( 210 pips )
Take profit 2 : 100.300 ( 360 pips )
Take profit 3 :
Stop loss : 104.500 ( 59 pips )
Risk reward :
TP1 – 1:3,5
TP2 – 1:6,1
TP3 -
Our risk :
- Deep retrace entry on a PA bar = 1.5% risk
Regards
USDJPY Weekly AnalysisFundamental Analysis :
Analysis align with USD Market sentiment which is FOMC expected to Hike Interest rate.
Technical Analysis :
Price hit BRN line @ 100.00.
Price hit Max Seq for Flashback price from 98.982 - 107.499
Price expected to move to Max seq for price 125.817 - 98.982
GBPAUD Weekly Chart AnalysisGBPAUD for long position. Entering minimum sequence for daily flashback from 1.97438 & 1.67191.
Entry zone for long position at 1.7210 & 1.7230
Disclaimer - this is just my trading's idea solely for improving my trading skill only.
Good risk reward tradeWe can see that support trendline from December 2015 is still active. The NFP on Friday price push to channel middle line. We are looking for retrace to strong weekly supply zone and BRN 1.1500 then we will looking for short call. The risk reward ratio is very good. Long term we looking for break monthly demand level @1.0570 and to go down to 95.000 or 93.000 level demand zone from year 2000. The RSI is still in uptrend to 70.00 zone so we will wait it. The RSI must get momentum and retrace back to normal mode 50.00 or lower.
Very good moment for setup short position BRENT OIL ratio > 2.8We have bad news oil complex so our target short position 27.0 or down. This price OIL in III Wave Elliote and this good news for us. The OILWTI dropdown so OILBRENT dropdown too.
