Bullish Con't Confirmation USOILHello trading view. And all my trading mates that follow me.
I Am here to bring you another USOIL analysis that i meant to publish on Friday but i was much too busy.
But i have been doing breakdown and analysis and tracking on USOIL for about 2 months. As in my previous analysis i deciphered when the change in sentiment was to be acknowledged.
My previous idea was successful being on the right side of the market for USOIL first rally.
Now we are under further confirmation of a bullish continuation. Pattern effectively illustrating the break of the neck line to a HeadAndShoulders pattern. This pattern is a classic reversal pattern with high probability under the right conviction; and trading methodology.
My coordinates illustrate where i added addition positioning since my first analysis. Which is at the follow through of the neck line.
Sentiment Bullish. Anticipated target 60.00. This target can alter by discretion of the trader.
Chief Trading Strategist At Activ Management/ FXU
I am a swing trader by style. And a discretionary trader by methodology. You can following me on Instagram and Facebook. Just message me.
Tiltonky- IG
FXU
Potential Long Opportunity. Breaking Into the New Year. So Happy new year trading mates of trading view.
I am breaking down WTI Crude. As we are expecting some price changes with OPEC Production cuts to kick in this month.
Technically sitting After a Huge Selloff Excessive oil inventories. We are at the Summer lows of 2017. And Multi Year lows. We are looking to see potential Long trading opportunities.
OPEC is set to cut 1.8 million barrels a day from the oil supply; In efforts to stabilize prices in the 60-70 dollar range.
Oil reserves have come back at record highs. For sometime now. We are not expecting any big swings in prices for a while. Anticipate for set of oil news to hit the market for the new yer.
My Idea sets the highest potential. Only. Conditions can change at anytime allowing me to make changes during trade. Please trade at your own risk.
Crude Oil Inventories Release Jan 4th 2018
Market Sentiment. Dollar DominanceKey things to acknowledge for this trading week. Last week friday. We got what is called. The monthly pull back.
Just as though price moves up and down. The pull backs on the hourly and 4hr. Yes the monthly has pull back as well. Usually the 2nd or 3rd week of a month.
This can be seen on the weekly time frame. I dont trade anything lower then the 4hr. Because i do not trade noise.
So what we need to acknowledge is that price will resume in the already described direction from the break out of the 8 week accumulation phase. (market cycle)
The market sentiment is Dollar Dominance. We will take trades along that sentiment at all times. We do not trade the DXY so here is a cross pair. That will describe a possible trade opportunity in the market. AU.
So on a smaller time frame. Daily. We can acknowledge the pull back. before we resume price action. Its important to be paitent for price to enter the suggested zone of reaction. Timing is important. Most USD cross pairs should look similar. same goes for EU as price and liquidity/ personality will be different across the pairs.
Potential Short Trading Opportunity. I am presenting traders a trading opportunity in Gold for this coming trading Week. My analysis shows the Break of the tightest trading in golds history over the last 10yrs. This has been the first trading opportunity i've had interest in; since October this year. The break out in gold illustrates a few key thing.
Strong Downtrend to a pullback; or a relief. At this point sellers were taking profits. And new buyers began to enter the market. But as these patterns typically play out. A retest of previous structure support. Sometimes follows thru with a continuation move to the downside. Note: This doesn't always happen. But its well anticipated.
Technicals Overview.
Consolidation Break out. Strong sell off. Relief/Pullback. Trend Continuation to the downside.
Fundamentals.
1. US Tax Reform . Dec 22nd.
2. Low volume trading for the closing months of the Year.
Entry- 1259.72 SL- 1265.78 TP 1212.00
Potential trading Opportunity. RDD/BTC 4hr
Technical Analysis Brought to you.
By Kyle of Activ Management and F-XU
Observing potential trading opportunity for #rdd. We got involved in this market before.
And observed great opportunities.
Technicals-
Tower Wedges usually lead to breakout upside if the under gurdle price holds. (UPPER-REDSQUARE) Buyers may enter the market for a retest of previous structure highs. (TARGET) inGreen.
What is RDD- Reddcoin is the social currency that enriches people’s social lives and makes digital currency easy for the general public.
Although we dont have a actual product yet. The idea is rather catchy. And may get some reasonable follow through. RDD has been recieved some or litte interest so far. With a market of $634M Popularity maybe soon to come? Stay frosty.
Potential Long Opportunity. Having a look at the dollar index. We are within a bullish channel for a few weeks now, after breaking out of the inverse head and shoulder pattern.
Looks to be last week DXY started loosing traction. and fell to a near strong support zone as a parallel bullish channel trend. I am under the suspicion that fundamentals will be the driving reason behind dollars next move. I am favoring the reversal so far.
Fundamentals- this week to be released related to the interest of the dollar are: Consumer price index. It has been mentioned that we may not be expecting what investors would want to see. This may not be what the market is looking to be told. Meaning the market might be looking for the interest rate hike possibility. Or interest. So this fundamental could be completely ignored.
Tuesday- PPI data release after Chair of Federal Reserve Speaks at a conference.
Thursday- Unemployment Claim Numbers.
Friday- Building plans Data.
Technical- History on the 4hr chart shows the bullish rejection along illustrated parallel trend line. Stoich RSI shows a near bottoming insight. Now i would still watch to see if this zone holds. Bullish dollar is still considerably note worthy.
Daily Chart- Shows a retest of the neckline for the Previous head and shoulders break. These technicals usually suggest a setup for bullish momentum.
Possible Long Opportunity. Technical Analysis for DXY this month. I have been watch this analysis carefully and taking trades passed on this idea.
We are under a inverted head and shoulders pattern. And We are observing the possible long opportunity ahead. Although price is having a issue surpassing 94.20. We are under great suspicion of a break of this price ahead.
This is ONLY the technical interest of this opportunity. It is important to evaluate fundamentals that may effect the projection of this pair. And proper Risk management.
I will update this idea with my fundamental research most likely sunday.
XAUUSD Overview. My idea overview illustrates a few key things.
1. Gap appeared in price, 9/4 at market open. Price increased by a near 10.00.
2. Consolidation/resistance zone.
3. Bullish Trend confirmation.
4. Eye'd price of new possible high of -1400.00
North Korean tension escalated recently. As they tested another nuclear device resulting in a 6.3 earthquake recently. market open for the US showing a gap up in gold. As tensions flourish, ill continue to find bullish advantages within XAUUSD.
(OverView idea)
Possible Short Opportunity. My chart describes a possible Short opportunity for USOIL.
I have illustrated a complex pull back. Into the edges of a previous price consolidation zone.
Confirmed Lower Low Bearish Trend.
My prediction Anticipates a rest of the lows.
More natural disasters at hand. Hurricane Irma. Previous storm in Texas, Cause for a selling market for USOIL. Keeping that in mind.
Will update this with my trading coordinates.
Possible Short Opportunity. I have seeked a possible short opportunity in USOIL.
Follow this orientation of Lower Lowers. I was able to uncover a possible short opportunity. This is a long term trading idea. Oil has presented evidence of low bullish activity. I believe seller will climb aboard to drive the price down from this point. Oil news information are to be kept on tight radar.
Equaled measured moves is what was used to predict the next price.
A few key things of evidence is trend. Consolidation. And volume.
SL 49.94 Entry 48.96
EURUSD Under Investigation. After observing the EURUSD making small trades along the way of my analysis. I was able to uncover a reasonable strength in a selling zone. That zone illustrates that amount of rejections received when price entered this zone. Under my investigation i was able to uncover two short opportunities during this investigation. Not approaching what what i will believe the peak of this analysis. Is a Long position past our; Selling resistance zone.
Why do i believe this may take.
1. Bullish divergence seen on 1hr 4hr.
2. This pressure is relentless attempts to break this price.
3. DXY- Not being able to hold strength all year.
4. Yellen speech Friday. If supports this. Big move up. if it doesnt. Well. opposite.
Possible Long Opportunity.. I have Traded many Trades in this analysis. After today totaling 3 or 4.
I am under the suspicion that Gold will be making a unprecedented move. 1300 is a hard price to cover. But the break in the DXY could be the driving force of such a option.
Precious metals and hard assets may flourish during these times. Bitcoin and other market may get more interest. Gold for new Heights.
We are now consolidating in a zone, where i predict can extract from the Year Highs. Under this bullish pressure on a second attempt. Can be likely. Fundamental influence is all it needs.
I Left my Chart exactly how my previous analysis was for this short bull run this morning. Im leaving it as so, to predict the break out above. Goodluck traders.
Possible Short opportunity. Analysis for XAUUSD illustrates the zones of resistance needed to overcome; to eye 1296 per troylee ounce. As of 1.30am today 8/18 i am under the suspicion this bullish momentum may exhaust right here.
A break and close above 1289 would be a better look. but that may not happen. And if not. We may shed slowly to 1260 before another run at it. I am still observing this pair. So i have no trading coordinates at this time.
GBPJPY Short Opportunity After doing a technical analysis on GBPJPY i was able to identify the break in major trend. And the start to what appears to be a complex pullback, for a continuation lower. My chart explains, that were are expecting to see a pull back to the 142.500 Zone Retest the Major trend before heading lower.
SellLimit 142.500
TP- 140.668
SL- 143.328
Possible Short Opportunity. USOIL I am investigating a possible short opportunity for USOIL. 07/19/2017 We are currently in the midst of the structure strong hold. Or candle range. In which candle performance will determine the trade at hand. I have a favor for a sell opportunity. But that doesnt mean the market wont, or cant break and close above price 47.60. If so, a retest of the price, to go long shall be suggested.
I Am favoring the short trade. Trade at your own risk. Candle confirmation is key. Good luck.
Entry 47.24 SL- $-.37 (-.75%) TP- 45.79
Observation idea. For possible Future Short Opportunities. I was able to secure 3 trades last week within this bullish channel. I was able to post an analysis of 2 of the opportunities. So while i am still in a very attentive position with this pair. I will continue. Now, i am out of all positions. As i wait for golds next move.
During NFP this Friday. I was able to observe the crash in the dollar, and the lift in XAUUSD price of $19.00. Which is a significant move. FIB Ratio .786 was condemned during this bull run. During my observation at market open. We see a close above structure, and signs of still buyers present. But low volume. Which of course is expected for Sunday- Maybe even Monday.
SO THE PLAN.
Close above .786 And price action finds support. This pair should have a bullish continuation to 1288.00 or even a retest of 1296 -1300 highs. If this takes place. I am interested in a short from those price ranges if the situation presents its self. (Candle Address)
I know for sure 1296-1300 is a strong resistance area. And even 1288 can possibly turn this around. I will be patient and await my opportunities. I find that a long at this price is simply too risky. I could of left my longs from 1262 this week. But that was not part of my plan. Always trade your plan!
1296-1300-Possible Short
1288-Possible Short
Check my link related idea from trade i took last week on this pair.
Potential Long Opportunity. I have been watching gold -0.13% . Anticipating, a long position; Within this bullish channel . 3 steps of higher highs and higher lows are seen on the Daily Chart .
After those seris of moves. We have a ascending wedge . This trade can be executed a few different ways. My way is the most simple,with the best risk reward. As i am typing this, my entry of 1262.85 was hit.
A more advanced idea to scale up the trade. And have another TP at 1277.00
This setup is known as a trend continuation trade. Within a bullish ascending wedge . Please trade at your own risk.
Entry 1262.85 TP1. 1272.34 Sl. 1258.35
Short Opportunity. XAGUSD -0.34% I have been watching its movement. And got involved in the bullish channel illustrated in the analysis earlier this week. I have patiently waited for this bullish trend to complete. That came from the advance Bullish Bat formation.
i highlight the strong price in red. This price Has served as a slow of its momentum. XAGUSD 0.29% can either gain buyers and continue bullish . Or collapse. And Seller will begin to take over once more. I am watching this opportunity steadily. Doji candle Formed On Daily Chart @ Arrow.
All technical analytics. Please trade at your own risk.
Potential Short Opportunity. 5/28/2017 I put this analysis together. In the event that GBPUSD would confirm the pull back to the A leg. 1.28435 Which has just completed at 8am on Monday Morning. I would short it. We are currently in the field in which i am awaiting Doji confirmation that this is pair will exhaust and have a reversal.
I am preparing for a strength mod in the DXY these coming weeks.
Observation- Possible Long Opportunity. USOIL I have dedicated this entire week observing its action. And why its moving as it has.
47.34 is a strong support field. Consolidation was observed for some time. The aggressive bullish activity has shot the price; back into the consolidation field where it previously was comfortable in consolidation for some time. So First selloff in (about 96days)
As illustrated in this idea. USOIL - .382(50.00) broken price action exhausts. Uses F.382 From previous resistance as new support. Now making its way to the F.50 if price action exhausts and closes above F.50 im looking to get Long to the F.618
Entry- 51.00
TP- 51.84
SL 50.43
Potential Short Opportunity. Breaking Down GBPUSD i was able to discover a very strong support level at 1.27000. Price action has been turned away by aggressive sellers 4 times firmly. Confirming the resistance level. Illustrated in the chart. I am predicting a possible short opportunity just above the F.786
The Upper Yellow trend line showing the weakening of bullish occupancy.
GBP news can alter the trajectory of this pair. I would carefully analyze the situation before entering the pair. And for that reason i would not post any coordinates.