Usoil Trade Setupas long as I closed my short now looking for a long trade :) both bullish bat's and bullish butterfly's PRZ are same
Usoiltrade
USOIL Market Structure Analysisif you have your market view, please share it in comments
Also you can ask me questions...
Have a great day everyone!
USOIL - Bearish Counter-Trend Line Break - Time to ShortWith the recent strengthening of the USD for various fundamental reasons that we discuss in depth with our clients, we have seen a sharp decline in the price of oil (not necessarily a sell-off - don't confuse the two!).
We expect the USD strength to continue into next week and so we are looking to short USOIL after this bearish corrective structure has now broken to the downside. Enter on a pullback into lower time frame structure/Fibonacci levels.
Trade safe!
Cheers, Paul.
US OIL Broke Down-Trend, New Floor & New Roof. (DAILY) Us Oil has broken my Daily downtrend I had marked up, A slight rejection occurred before the breakout so it is time to re-graph.
My highlighted zones are the ones I feel that have to be met and seeing some rejections of any sort before placing my trades.
USOIL IdeaIf we look 4H we can see clearly that the buyers are slowly dying, if we look daily we can see that that trendline is holding pretty well, sell Oil thank me later !
Target 56.0
USOIL found a good support at 61.8USOIL found a good support at 61.8 fibonacci level. I'm expecting a uptrend target next structure.
FIGHTING WITH MYSELFMarked on the chart we have a lovely area of support, if you cant see this then give yourself a telling off and look again ( this normally helps me out, but then I answer myself back which turns into a fight... I always win though )
We are expecting some bullish movement this week from oil as we have bounced off this level and we are looking at bearish movement from USD CAD because you all know that USD CAD have a reverse correlation with oil rite ;p
This trade has been a long time coming and I have been sitting patiently waiting for price to hit this level ( not literally.. I do have a life haha )
If you like my analysis then leave a comment... if you think I'm crazy then you are not wrong, and if you would like to see how I can help you then send me a message. Now until next time I am off to see a man about a zebra.
USOIL trend analysis and strategy updateWe closed some of our USOIL positions in profit today. We have since entered a buy again as price action has retraced to 50/61.8 fib zone (blue). As a part of our strategy and risk management, we have set a stop 20/30 pips below red line with take profit on the green zone. USOI
LONG.. just how my wife likes it ;p Don't be rude!! I was on about how she likes her drinks LONG island ice tea ;p
Can you see why we are long on this trade? you should be able to figure it out as our charts are nice and simple.
Come and give us a message if you would like to learn this way of trading... we could teach a zombie to do it ;p
Clients will get a much more detailed explanation of this trade via video analysis so you can also learn from it.
USOIL Daily Analysis and Hedge StrategyCrude oil has found strong support at the yellow zone and we are predicting a bounce from here that will take us to our targets in the green. TVC:USOIL
Crude Oil (WTI USOIL) Short IntradayIt has been a rollercoaster day and oil seems to have finally stabliased but don't take my word for it as oil has a mind of it's own. The yellow lines are my TP lines. Enter and exit at your own risk.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
USOIL Harmonic Crab Pattern Analysis and Strategy UpdatePrice action has moved as we predicted since our last analysis. Major resistance was not broken and price action fell to start the completion of the crab pattern. We are continuing to trade the 4th leg of the pattern and our final take profit is set at the green zone. TVC:USOIL
USOIL Daily Analysis and Strategy with FIBONACCI LevelsCrude Oil is at a crucial point with price action reaching the yellow 70.8 Fib level zone which is a major weekly resistance. Here we are looking for a pullback in price action. The prior analysis with the AB=CD harmonic pattern is also still in play as a part of the strategy. TVC:USOIL
USOIL Harmonic AB=CD Analysis and StrategyWe see the completion of an ab=cd pattern on the 4 hr chart for Crude oil. The completion of the ab=cd pattern is in line with our short strategy and we have set our take profit on the green zone. TVC:USOIL
USOIL - XTIUSD - Short OpportunityUSOIL is unable to push higher up. It has a weak foundation as support and we can expect it to drop further down below to find a good support before continuing its long term bullish trend, if still strong.
Leave your SL above the last high for enough space to move before the breakdown below.
Crude Oil Double Top - Possible Short NOWIn my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here.
It has broken down the trend line so I am executing my shorts here.
Trade Safe!
