TrainingTrader

TrainingTrader Updated 

Analysis: Price has begun trading in consolidation. Entry can be considered if trading within the range. Long opportunity: Reversal confirmation at 1.1008 support region towards 1.11007 as Take Profit - 1 level.

TrainingTrader Updated 

Analysis: Price can be seen as extended in the daily time frame and lies at 50% range within the consolidation region which can be viewed as a support level. In the lower time frame, price broke out of a smaller consolidation region with an extended move. In this kind of scenario, price is likely to retrace towards the lower region of the consolidation. Long...

TrainingTrader Updated 

Analysis: Price has broken through the key resistance region. However, it can be seen as extended on the weekly timeframe as such we can view this break out likely to be false and expect price to retrace and potentially reverse. Short opportunity: Short at market reopening as High Risk trade towards 1.50253 as Take Profit - 1 level.

TrainingTrader Updated 

Analysis: Price can be identified as extended towards the downside. Thus, we can take the reversal opportunity as price is due for at least a retracement. Long opportunity: Long at market reopening as High Risk trade towards 0.81854 as Take Profit - 1 level.

TrainingTrader Updated 

Analysis: Price can be seen as extended on the daily time frame as price closed higher for consecutive days. As such, we expect a retracement to be due soon with the minor support level as initial target. Short opportunity: Short at market reopening as High Risk trade towards 105.586 as Take Profit - 1 level.

TrainingTrader Updated 

1. Price pushed past key support level at 0.9681 without any consolidation / retracement 2. Wide price to daily 50 exponential moving average deviation 3. Price now at next level of support level

TrainingTrader Updated 

Analysis: Price can be seen as extended can we can look to trade against the current trend. Since price is not over extended, risk adverse participants should only initiate a smaller position. Short opportunity: Short at market reopening towards 0.98355 as Take Profit - 1 level

TrainingTrader

Price has experienced a steep downside price momentum that can now be viewed as extended. This can be measured by comparing the deviation between price and the 50 period exponential moving average (4hour). In addition, there is considerable amount of days closing lower.

TrainingTrader Updated 

Analysis: Price is extended towards the downside where potential retracement or even reversal is likely possible. Price may continue to dip further and more positions will be considered. Risk adverse traders should only enter smaller position for this initial position. Analysis: Long at market reopening as High Risk trade towards 79.66 as Take Profit - 1 level.

TrainingTrader

Analysis: Price experienced a sharp decline over the short period and can now be seen as extended. Reversal position (long) can be taken to trade the potential retracement or even reversal. Long opportunity: High risk Long at market as reopening towards 83.89 as Take Profit - 1 level.

TrainingTrader Updated 

Analysis: Price is now extended and we will begin shorting with a smaller position size. It is possible that price will continue its upside momentum thus the smaller position size for the initial trade recommendation. Short opportunity: Short at market reopening towards 0.53431 as Take Profit - 1 level. (Trade is already active) Despite being an active user of...

TrainingTrader Updated 

Dollar can now be seen as extended on the daily chart. Momentum towards the upside is too strong and not sustainable and a stall in price will likely happen soon and if lucky, a retracement. Short opportunity: At market as High Risk trade targeting 102.875 as Take Profit - 1 level

TrainingTrader Updated 

Analysis: Price has experienced a good run towards the upside and is now extended. Price is likely to experience a consolidation and if lucky, a retracement. Short opportunity: Short at market reopening as High Risk trade towards 80.61 as Take Profit - 1 level.

TrainingTrader

Analysis: Price began to turn higher as resistance at 632.0 is broken out of and now a support level. A retest confirmation at the 632 support region can potentially fuel price further towards the upside. Long opportunity: Retest confirmation at 632 support region towards 644.75 as Take Profit - 1 level.

TrainingTrader

Analysis: Price extends decline due to the release of the August USDA report towards the recent low, which was also formed due to the release of the July USDA report. Price can be seen as extended and with price now at support region, it is likely that price will begin experiencing retracement soon. Long opportunity: Long at market reopening as High Risk trade...

TrainingTrader

Analysis: WTI now lies at key resistance region as such potentially reversal can happen. However, short position should only be considered when the first support region is breached. Short opportunity: Breakout and retest confirmation at 79.04 region towards 73.82 as Take Profit - 1 level.

TrainingTrader

Analysis: Price extends to measured profit taking began retracing towards the support level at 23.68. Overall trend remains in a strong uptrend, thus, if price were to show any bullish or reversal signal at this support, long position can be taken. Long opportunity: Reversal confirmation at 23.68 support region towards 24.38 as Take Profit - 1 level.

TrainingTrader

Analysis: Price experienced a sharp decline after reversing from key descending trend line. If price were to fall to the next level of support, potential long position can be considered in anticipation of a minor retracement. Long opportunity: Reversal confirmation at 0.81396 support region towards 0.82002 as Take Profit - 1 level.