The price of oil per barrel will definitely soar high but I see a chance of sell opportunity before its long momentum, currently looking at a clear sell chance for at least $4 price reduction per barrel of oil. XTIUSD is currently trading in my supply zone....so i expect more sells to jump into this market. NB: All eyes on the breakout zone (blue box region) to...
Bearish divergence spotted in RSI Entry @ 81 SL @ 84 TP @ 78
After XTIUSD visited 5th December's supply zone yesterday, the market had a rejection of price value. I'm expecting the price of crude oil to revisit the $70.30 per barrel!
Bearish divergence in RSI Can be observed further to take that trade when the reversal of the trend start Short until 77 which is the immediate support
Basing this trade off of a trendline touch on the weekly timeframe and the weekly 100EMA being aligned. Coupled with the previous high made on XTI's downtrend, makes for solid confluences for an intraday short. I am not expecting crazy pips from the zone but will have a modest target as Friday is profit taking day for institutes. Stops at 43 pips and full tp at...
Trade Wars, Short Sell on XTIUSD on the basis of different principles.
Shorting Crude Oil to a RR of 0.75% to 4.8%. During the opening of the New York's market on Wednesday, there was a strong bullish candle as a result of the strong ADP Employment Change on the US economy, which accelerated the US dollar, this also had an influence on XTIUSD..... Now, i see a perfect time for shorting XTIUSD. NB: i'm expecting a price circulation...
BEARISH TREND CONTINUES LH , LL formations Price took rejection from 61.80 % FIB level, along with the Trendline, acting as Resistance. Currently, price is getting rejected from 78.60 % FIB and Hourly Resistance. In this process, a LL, and LH are created Bearish Engulfing found at LH Strong Daily support lies below, if it is broken, a short entry will be taken.
BEARISH STRUCTURE continuing Shooting star spotted at LH Entry: 99.10 SL: 100.18 Short position
BEARISH STRUCTURE forming Short Position open LH, LL Inverted Hammer and Bearish Engulfing at LH Entry: 100.73 SL: 103
Trend: The current trend of the market is upwards. Short: The decision of taking a short position from here is based on the shooting star pattern. It shows the potential decrease in the price from this point.
Lovely structure on this pair. Failed to break the previous high. We impulsively sold off. After forming a tight bear flag I see this pair falling another $10 at least, as around $95-97 is the lower support level. Let’s seeee
Crude Oil has already ended up with its bullish movement and made a breakout in both D1 and H4 time frame. now Its ready for the downtrend journey. The price already broke the support and also retested the support. We are expecting down trend now unless any fundamental news comes. Few weeks before EU put ban on Russian OIL and Few other fundamental news released...
Technical Facts: Considering Technical analysis, Crude Oil already touched the second highest price in this week. now it’s high time for retrace. The Immediate support level is 117.80 to 118.20. A Strong break can lead the oil price till 114.18 which is the strongest support of 114.18. Fundamental Facts: Russia is one of the largest producer of Crude Oil in...
Xtiusd short short pattern Xtiusd is completing its Head and Shoulder pattern Sell at 108.6 Tp 106 Tp 100 SL 114
Xtiusd Bearish confirmation on H4 and 1Day Chart Sell from 101-104 Tp1 99 Tp2 97 Tp3 94.4 1day Chart Target price for long term 86