BRENT trade ideas
DeGRAM | UKOIL fibo cluster levelUKOIL is moving to resistance at 86.00 and a fibo cluster.
The price is printing potential of the AB=CD pattern.
The oil market is approaching major resistance on the D chart.
We anticipate a reversal from the resistance level.
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Down the rabbit holeUnfortunately I have no clue if the coincidences will keep on popping on this one as I was doing a little bit of a Stand Up while drawing this. Actually I was standing down, but that's for that's for another story.
Don't go down the rabbit hole. It's not what you expect.
No trading advice on this one. This is more crazy than it should be.
Original idea linked to this one. Don't go down the rabbit hole.
What's with the oil?Brent oil is moving towards a three-month high at 85 at a cheerful Cavelrian pace, and most likely will reach it in the near future. Now it is much easier for me to imagine a rebound from this level than its breakdown. Therefore, for the time being, I am oriented to sell from 85, of course, if there is a signal to sell.
REAL ACCOUNT 25118205 and 25118160REAL ACCOUNT - 25118205 and 25118160
Timeframe: H1
Lot: 0.03
why We do that ?
1. 1D and 4H trends go via bullish line
2. we can see easily THE TRIANGLE PATTERN
3. Moving average is bullish , Trend is bullish , Also triangle module
Tactics :
Entry price: 83.98
Take profit:85.5 ( 45.60 $ ) 152 pips
Stop loss:83.36 ( 18.60$ ) 62 pips
Warning :
SWAP - 2.01$ per day
Spread> 1.8$ - (make accurately !!)
REAL ACCOUNT- 25118205 and 25118160REAL ACCOUNT - 25118205 and 25118160
Timeframe: H1
Lot : 0.1 and 0.03 lot
why do we can do it ?
1. Traingle pattern in bullish trend
2. Moving average show us this trend is bullish
3. Trend is bullish
Tactics :
Entry price: 83.98 - 0.03 lot
Take profit:85.50 ( 45.6 $ ) - 0.03 lot
Stop loss:83.36( 18.60 $ ) - 0.03 lot
Warning :
SWAP - 2.01$ per day
Spread> 0.6 and $ - (make accurately !!)
The Price of Brent Oil Reaches the Level of ResistanceSince the beginning of the month, the price of Brent crude oil has risen by about 10% — this July could be the best month since June 2022. Yesterday, the price of Brent exceeded USD 82, for the first time since April.
Among the drivers of oil price growth may be:
→ production cuts by Saudi Arabia;
→ restriction of export from the Russian Federation;
→ expectations of new measures to stimulate the Chinese economy;
→ summer growth in demand for gasoline and aviation fuel in the US.
However, technical analysis tools give arguments to suggest that the July rally may slow down, as:
→ the price of Brent oil on the daily chart has reached the moving average with a period of 100, which may attract traders to open short positions;
→ the price of Brent oil has reached the upper limit of the channel (shown in red).
The effect of these two factors of resistance may appear as early as tomorrow at 17:30 GMT+3, when the weekly data on oil inventories in the US will be published.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Oil Ping PongNo trading advice here, I am just presenting a bold and daring unconventional method.
Looking for Heiken Ashi reversals at the shapes, or continuation in case of indecision, consolidation, rebounds etc. Follow the Heiken Ashi Candles for entry points. After a green wave, a red candle might appear at a shape, or the other way around. Position should be managed with stop loss trailing the highs or the lows of the Heiken Ashi candles.
This is a swing trading approach that can be better suited with a hedging account, in case an opposite signal arises and the initial position hasn't stopped out yet. This way the initial position rides the wave for as long as it takes.
If this sounds too crazy to trade on, you can look at it as an experiment, just like my other ideas with unconventional shapes, where interesting coincidences and rebounds have happened where the price met the drawings.
DeGRAM | UKOIL anticipation the continuation of trendUKOIL broke above the psychological level at 80.000. The market is making higher high and higher close.
The market is trading in the ascending channel, indicating the bulls are in control.
We anticipate the continuation of this current trend.
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Share your opinion in the comments and support the idea with like. Thanks for your support!