Xtiusd
How to use OBVOn Balance Volume can be a powerful tool to confirm price turns before they happen, especially in commodities and commodities-related pairs, such as CAD.
Here you can observe it for yourself on Crude Oil weekly chart. The drop in crude was quite predictable as you see.
oiloil is creating lowe lows lower highs in lower timeframes. short term im looking for sells with target 40.00
USOIL Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: USOIL is sitting around a strong resistance in blue so we will be looking for sell setups on lower timeframes.
on H1: USOIL formed a valid trendline in red
Trigger: Waiting for a momentum candle close below the gray area to sell.
NB: If a new blue dot is formed around our lower red trendline, then we will update our gray area.
Good luck!
oiloil breaks a str0ng resistance. retest is holding very well. candel are closed still bullish.
target 43.00
CRUDE OIL video top-down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Oil Buy Zone Near 37.50 price Zone, Next Target 43.00Oil Buy Limit n@ 37.50
Sl: 36.50
TP1: 39.00
TP2: 40.50
TP3: 41.50
TP4: 43.00
CRUDE OIL video top-down AnalysisHello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
OIL - Wick EntryI would be nice to attempt to get a wick entry from key previous structure down to the next key zone marked. Let's see if we get a significant pullback followed by rejections before we consider a sell.
Bullish exhaustionPrice formed a sort of an apex - liquidity block and very soon there will be breakdown or breakout from that box. From very weak bullish rise we can see that bids are exhausted and price should seek liquidity lower running down to the next major liquidity base to fill that low steam bid rise.
Top Absolute Correlation 1 Day
1 XTIUSD - XBRUSD 98.6%
2 XTIUSD - GBPNZD 74.6%
3 XTIUSD - GBPCAD 68.2%
4 XTIUSD - GBPAUD 67.9%
5 XTIUSD - GBPMXN 67.2%
6 XTIUSD - GBPSGD 66.9%
7 XTIUSD - GBPUSD 64.1%
8 XTIUSD - EURGBP -63.4%
9 XTIUSD - EURCZK -62.5%
10 XTIUSD - GBPJPY 61.0%
DOUBLE BOTTOM IN OIL + EMA resistancesGood day friends..Give us a thumbs up if you like our idea.Follow my profile to get new ideas and trade setups everyday
OIL
Due to the weaker demand in the Global market Oil felled towards the 36.12 which is the September low and then its formed a triangle pattern and went bullish up to 41.43 and traded in a range from September 17 to October 01 and again felled towards 36.63 and formed a dissimilar double bottom
Currently the 200 EMA is acting as resistance for the bull and 50,100 EMA is acting as support for the bull. And my bias is towards the bullish side and the primary target would be around 43.00 which is a swing high area stop lose may placed below the 38.45 price action level
OIL is currently in a consolidation phase if the price well above the 39.50 psychological level we can buy the oil.
Disclaimer
Its a forecast of the next expected moves Not a financial advice
Oil 61.8 FIB met. Time to ShortPERFECT 61.8 FIB rejection. Time to short down to 36.5-37. Full target $34. Simple charting Pays
USOIL WTI BUY AFTER BREAKOUT CONFIRMATIONus oil is trading inside a triangle we expected a bullish breakout and buy usoil more as demand is increasing after opening lock-down all around the world
Do you have any TRADING related QUESTIONS?Price is currently in a good BUY zone, this area has previously been used as strong resistance which has now turned into support, so i am expecting bulls to step back in and push price higher from here. If you do take a trade from this you can keep a tight stop loss because if price did break such a strong support then it has the potential to fall some way.
Nice and simple setup that most people could find if they didn't over complicate thigs all the time!
If you would like any help trading or have any questions then just message me and i will be happy to help.
Oil is next to pick up some steamPlease follow risk management.
Take profit 1: 46.5 $
Take profit 2: 49 $
Trading tactics: At 49 $ 50% of positions should be closed and move the stop loss to break even.
Allow the trends to be broken to build new ones.
OIL - More UpsideDon't be fooled about the key level, I personally think this has a lot more upside potential before we see any sort of decline. I expect price to rise much higher to SL hunt the sellers that impulsively sold at the key level marked.
Let's see how this one plays out at the start of next week, have a great weekend!
Gap closureCrude oil is likely to move somewhat higher to close the gap to ca. 40.
For educational purposes only.
Oil, needs a Daily correctionStill in the same structure and we are expecting the down move to form a Daily correction something like the copy of the candles on the right.
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CRUDE is Back up on Major Key Level, Whats Next?Welcome to Profitlio Trading!
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Bullish breakout on Tezos - Look for Continuation to the UpsideTezos had a bullish breakout from its falling wedge pattern within a larger pennant. I'm looking for growth to the upper boundary of the pennant which is about a 27% gain from here.
CRUDE OIL waiting for the sell setup to formon DAILY: CRUDE OIL is sitting around a strong resistance zone so we will be looking for objective sell setups on lower timeframes.
on H4: CRUDE OIL is trading inside our red wedge pattern but the lower trendline is not valid yet so we are waiting for a third swing to form around our lower trendline to consider it our last swing and then enter on it break downward.
so also have a regular bearish divergence adding more confluence to our sell setup.
