State Of US OILOil has been chopping around for some time now.
Hopefully, you used it for scalp gains and loss mitigation on prior moves.
In either case it's a good time to trade it. But do not treat it as a high risk load in.
Levels have to be broken BEFORE you get to better Key PA ones.
Watch for more.
(back streaming soon)
Tradingzones
GBPJPY EXPECT TO SEE A REACTION TO 168 LEVEL!Price made the move I was expecting just never gave me a clear sign to enter after been stopped at breakeven the first time. We are running into a huge area of resistance now at 168.000 so I expect to see price slow down from here, so ill be hunting some short once again if we see the right formations from there.
USD WTI SHORTHello Guys,
In this video i breakdown what i see on oil. I view oil as being completely weak especially with the effects from corona virus that have impacted the demand side of the commodity. At the moment even though the pair is weak which could be viewed as cheap for investor to buy based of value trading most of smart money will likely stay away from the dip buy until they get a solid fundamental sign that the price has finally bottomed out. Russia a top oil producer saying no to cutting oil supply to OPEC during and the Feds cutting the rates further solidifies the idea that oil will take a while to recover from this bear trend hence for now i would rather be on the safe side of smart money and only look for short positions after pull backs to key weekly resistance levels