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WTI-OIL

Oil good mid term setup and targetsSolid long term support and bullish divergence on daily as well as 4H chart This looks like a good long opportunity to me ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
TVC:USOILLong
by Anoinvest
5
Time to wait on Crude Oil by ThinkingAntsOkToday we will analyze a weekly chart after the price reached our expected target. The way we analyze the chart is focused 100% on identifying major support resistance zones and forecast the possible scenarios there, either for a reversal movement or a continuation one. Also, we support our analysis by looking at similar situations in the past and understanding what the price did. Without further ado, here is our view on Crude Oil. a) The price is on a Major support zone. We can see in the past how the price reacted there several times b) Based on the previous scenarios, we can see that before breaking the current level, the price formed a weekly corrective structure of 2 months duration. c) Our Short Scenario will be to wait for a clear corrective structure with a similar duration of the previous one, and then we will aim to develop trades to the next support zone at 27.47 d) Our Long Scenario needs the price to reach the 54.5 zones; there we will wait for a quick reaction on a lower timeframe such as 4HS and, we will aim to develop long setups towards the next resistance zone at 61.95 e) We are Swing traders that means that we are focus on catching trends and not inner movements of corrections. That's the reason we wait for clear setups that present high-quality opportunities. f) Check the link to related ideas if you want to keep learning the way we trade crude oil, Have an amazing week!
NYMEX:CL1!
by ThinkingAntsOk
1
USD/CAD Bullish View by ThinkingAntsOkDAILY CHART EXPLANATION: 🔸 "USD/CAD Breaking the Downtrend" Daily Chart: . . 🔸 Price has been on a Descending Wedge for more than a year. . 🔸 It has broken the Descending Trendline of the Wedge today. . 🔸 We consider it has potential to reach the Resistance Zone at 1.35300, and, if this zone is broken, then the next target is the Resistance Zone at 1.36500. . 🔸 We are waiting for a lower timeframe corrective move to get involved on this pair. WEEKLY CHART ANALYSIS:
Long
by ThinkingAntsOk
2