The bias is long but short term pullbacks can happen so this idea is risky cause obviously the main trend is bullish but regardless there still might be a quick stab to the downside. This is just an idea, not advice!! Good luck to everyone who are trading the tough markets.
WTI Jun18 CL1! 20 Apr $68.06 May closed Friday with a final OI of 3.7k contracts. June volume was down 140k on the day and OI reduced 3.1k Generally volume will trade lower for the remainder of this month then start to pick up early May and increase leading into contract close on May 22. So I would expect price to fade during this month, in the absence of an...
ny journey is normally predetermined with some planning (what time is my bus, flight, train?, what time should I leave home, hotel?, where will I get fuel, accommodation, meals etc). All sensible trading should have similar plans, and back up plans. Lately I have noticed considerable ES activity outside US trading hours. This must scare some traders when they are...
SELL 67.20 SL:=68.11 TP:=64.7
Hello Supporters, Followers and General Interest Sideliners, Ok my rectangle got hit and we are sitting on major support. Take Short profit now. This price action is now taking on a developing wedge appearance. I believe price will wobble here for a few days then break to the up side. Take a Long position if the Red indicator line gets above 40 then rolls over....
Ok the small wedge I described in my post of Apr 03 ($65.11) penetrated and broke to the downside. My target was $62.06 which was achieved on Apr 04. Previous support at $64 was broken and the next 2 days were spent testing that level which was now providing resistance and this has held. This suggests further downside bounded my the downtrend line (resistance) and...
WTI has made an interesting pattern recently. It is almost identical to the one made at the beginning of wave 2. See the blue highlighted box on the chart. The larger box is a measurement of wave 2 correction, as I expect wave 4 correction to take a similar amount of time. Interestingly it suggests that WTI is likely to be in correction for the next 10...
Oil break out of bull flag is following through with a bullish engulfing candle today. RSI is healthy. Majority of analysis on chart. Wave patterns added in for fun. (Not an elliot wave fan).
i short eurcad because he is much overbought and also cad underperform so much
enter at 1.2555 target 1.2495-1.25 gain 55-60 pip short time Cad underporf due t the fall in oil but i be on a rebound aslso the pair is overbought short times and face soon bigger resisantce
Wait for a break before a trade. Price is sitting at the support zone now. No break no trade. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is...
The market looks interesting for selling. The price bounces from 66.00 resistance level. RSI confirms price reversal. Bearish divergence gives a good trend reversal signal. MACD is going to support the downward movement. If the price breaks the uptrend line, it will be a signal confirming the market falling. Pending orders for sell can be placed at 64.50 level...
Going to see some more sideways action for at least 7 more days before eventually running up. I'm holding, +70% gain so far.
Wonderfull monthly channel. What can stop this ? Geopolitical or Economical circumstances ? Don't know but since the prices are in the channel I stay bullish
After activating a Head and Shoulder pattern we see a triangle on the 1H chart indicating a sell continuation. First target around 38.2% Fibo / old support zone.