US Oil - Breakdown ExpectedUSOil: Our WEEKLY chart shows us we are approaching several resistance confluence zones.
1) Descending Trend Line
2) Resistance Level
Price could reverse from this price level, keep an eye for Bearish Divergences and Bearish Candle prints.
Our target will be the bottom of our Structure.
Happy Trading!
US-OIL
USOIL - SETUP - WEEKLY CONTINUATION - 7 MAYWELCOME TO DACAPITAL TRADING!!
USOIL just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Last Candle closed above Previous Week High and took out all Highs forming new one.
DAILY
Bullish Daily Candle forming after last few days exploding price action with trend continuations.
WEEKLY
Following Short/Mid and Longterm Trend, very bullish Price Action over the past few Weeks with several Highs and HH/HL
Structures formed.
LEVELS
Entry @ 70.55
SL @ 69.80 (74 Pips)
TP1 @ 71.26 (RR 1.0 = 74 Pips)
TP2 @ 71.64 (RR 1.5 = 110 Pips)
TP3 @ 72.03 (RR 2.0 = 150 Pips)
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
Enjoy our limited Free Content and Setups,
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DACAPITAL TRADING
US Oil ShortRiding the recent bearish trend in Oil because despite OPEC's supply cut, countries like US continue to produce more and it's supported by Trump's effort to expand drilling further. Setting up sell stop order a few pips below 60 with TP @55 and SL near 63.
www.cnbc.com
www.reuters.com
Daily:
Weekly:
Confidence: C (depends on whether USD will continue to rebound and if no "outages" happen similar to the incident in Venezuela, and if Venezuela itself recovers soon from its crisis)
XTIUSDTrading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a basic version of the system on Trading view to help traders visualize the strategy.
XTIUSD
To open SHORT positions for XTIUSD , it is required:
In this situation our system indicators to confirm trade entry confirmation for movement to the downside but if the market trend continues to range this signal will become invalid and we can see this pair climb to new highs. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: Once signal is confirmed we will basket trade into the position on H1 and minimum 300 pips will be up for grab with small risk SL at swing high. Target 500 pips
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
US Oil - 1W - 1st Target HitIf you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying: USOIL
Time frame: 1W
What Has Happened So Far:
So this chart was posted exactly a month ago today.
What am I Looking to Happen:
Although most of the move has been captured, I still feel there is still some more upside (again it is the 2nd target I am looking to hit). Make sure you have a smaller trade size this time though as the risk to reward is not as appealing.
Target Profit:
Stop Loss:
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
USOIL - Bullish EngulfingUSOIL has formed a 100 score long trade setup on the weekly timeframe. This trade setup is confirmed by a bounce off a very strong support level, a very strong Bollinger Band outbreak, and a significant Bullish Engulfing. TP set at previous highs. I may exit early as there is a down-trending resistance line formed by the previous highs. I will wait to see how price acts around this level. Safe to enter now, or wait for a pullback for a lower risk entry. SL set near previous lows. Lower risk to reward ratio than I would like, however this trade setup is too strong to ignore in my eyes.
WTI 4HR Bearish Reversal - Waterfall Event UpdateMidas Top Finder have reached its burnout point of 100% at 53.58. The actual high came in at 53.74. Indicating that a major or temporary HIGH is in place.
On the chart above, price have broken out to the DOWNSIDE of the major trend channel (in green) and have now formed a new channel (in purple).
This new channel only becomes valid if price close BELOW the bearish reversal of 52.66.
In that case the FIRST target will be the primary Midas Support Curve - in pink.