My wife's sisters leaky tapMy wife said i should spend less time around her sisters ( ive told her this leaky tap is a bugger to fix.. its been dripping for 2 months now and i still cant fix it ) ;p
Anyway enough about my marriage issues and lets take a look at oil... After a couple of days of bearish movement from market open this week price finally went into some consolidation today finding support at 56.00 area where the bulls took over pushing price higher.
Now the next area of interest and possible resistance would be where price meets our trend line, a bounce off this level will produce more bearish movement whereas a break of this level could see price push much higher.
So this is not a signal but something to keep your eye on and action your own trade.
Anyway im off round the wife's mothers now, apparently theirs something wrong with her boiler... i will keep you updated.
Xtiusd
Overall view on XTIUSD or crude oil - Update of June 24th weekThe multiple failed breakouts on the support zone drove prices up to new highs. We are now close to a strong institutional level @60.000, while odds of a bull continuation remain high.
Possible targets: @60.000 (+2000pips or 2.00$ per barrel) and @63.000 (+5000pips or 5.00$ per barrel).
Advice: Stay bullish and buy at any low point while we don't break the @56.000 bottom level.
Overall view on XTIUSD or crude oilAfter multiple attempts of breaking the support zone, oil soared as a result of the current political and economical tensions. A debut of a bull run is noticeable and the odds of a continuation are high.
Possible targets: @59.000 (+2000pips or 2$ per unit) and @63.000 (+6000pips or 6$ per unit).
Advice: Stay bullish and buy at any low point while we don't break the @54.000 bottom level.
FREE OIL TRADE.Oil has broke 2 key support levels today and shows no sign of slowing down, we are on a slight pullback at the moment and price has already touched our resistance level ( purple line ) we can see a retest of this level again before price makes further bearish movement and hits our next key level that has been used as previous strong resistance.
You can enter this trade now and place your SL just above our resistance level or you can wait for a retest... it all depends what type of trader you are as we might not get a re test and might just sink again.
Once price reaches our target zone we will re evaluate the markets to see if we will be adding short positions or exiting the markets.
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.
RSI 100 downtrend 50 EMA crossed over 600 EMA and is in very fine falling position. Price pulled back to Tenkan line and will keep dropping.
Trade trends after 50 EMA (it has to be in declining or rising position). Enter trades upon pullbacks to Ichimoku´s Tenkan line. Trend ends when you will observe divergence in long term RSI (70-100) - when RSI unlike price will fail to make new high.
USOIL Off the strengthXTIUSD
SELL SIGNAL
Trading 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 similar limited version of the system on Trading view to help traders visualize the strategy.
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.