SELL-OIL
SHORT ON UsOilTake a short posistion on USoil as price had bounced off the 50 period moving average in a major downtrend from the higher time frames.
Here is the play I will be making:
USOIL
OT = SELL STOP (PENDING ORDER)
P = 104.20 so really 105.20
SL = 105.07 so really 106.07 = 83 pips
TP = 101.97 so really 102.97 = 297 pips
sell on natural gasslight pause in the market from sell off yesterday morning after pullback from hidden bearish divergence on the 1hr. hidden bearish means continuation of the sell. going for about 2oo pips down to the demand area. around price 4.0100. the price varies with your broker, if you enter on meta trader app ngas does have a different price spread.
USD/CAD 5th wave on the wayHello Guys !
Overall we are seeing A bullish Flag Pattern being formed, in lower time frames we can notice 5th wave is being formed nicely after a consolidation zone.
Technical Confirmations :
1. Lower Highs, Lower Lows
2. Elliott Wave 5th push formation.
3. Correction of the Forming Trend
Fundamentals :
1. OIL Prices have already been heading up due to the OIL DEAL hopes, which correlates with USD/CAD
Stay Home & Trade Safe !
Let me know in Comments for any suggestion and if you would like to see more analysis like this.
USDCAD SELL STOP Waiting for a break of the channel to see usdcad move to the downside!
Risk on assets are starting to gain strength as corona-virus fears ease off. Patience will get us into this trade with an entry of 1.32850. Moving through the supply zone and closing above will invalidate this set up
USDCAD 4HBe careful with this pair and the super dolar. Wait for the 4h canddle closing about to 61% or 78% fib.
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Se paciente y cuidadoso con este par, el super dolar nos ha sorprendido, posible alza en el petroleo y la accion de precio podria indicarnos que el par está listo para caer, sin embargo no entres si no tienes la confirmación con velas de 4horas.
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Good Luck
Bearish pn OilLast 2 weeks have been bearish at the 38 retracement level. The trendline is broken and retest has a occurred A push to the 57.1 prices and 61 Fib retrace level on the cards may be lower to the 50. Looking for the 3rd impulse move to the downside then look for an ABC correction.
4hr TF we have 2 impulse moves to the downside with the 3rd in progress.
HOG- Upward channel breakdown short from $55 to $45, 55 Aug put HOG was running within an upward channel formation, which broken just recently. We think with the falling oil price it will decline further. According to Upward channel breakdown we got target or $45.33. To play this we would consider $55 Aug-17 puts
* Trade Criteria *
Date first found- April 20, 2017
Pattern/Why- Upward channel breakdown, Falling Oil price
Entry Target Criteria- Break of $55.87
Exit Target Criteria- $45.33
Stop Loss Criteria- $60.13
Option- $55 Aug-17 Puts
Please check back for Trade updates. (Note: Trade update is little delayed here.)
APA - Upward channel breakdown short from $48 to $34, 50 Jul PutAPA Seems broken down from an upward channel, retested the channel support line & now falling down sharp. With the falling Oil price we think it can decline as low as $34 area
* Trade Criteria *
Date first found- April 20, 2017
Pattern/Why- Upward channel breakdown, Declining Oil price,
Entry Target Criteria- Break of $48.87
Exit Target Criteria- 1st Target $38.13, 2nd Target $34.13
Stop Loss Criteria- $56.13
Option- To play this we would consider $50 July Puts @ $3.34, and $45 July Puts @ $1.57
Please check back for Trade updates. (Note: Trade update is little delayed here.)