USOIL has been trying to break the 58.50 mark for the last 19 hours. Moving SL into profits @ 57.62 since the last hourly candle shows a possible sign of reversal.
Retest between the 109.070 - 107.800 range leading to possible confirmation to the downside. I will keep you updated on this with a more extensive fundamental and technical analysis on the lower time frames. Don't forget to follow and comment!
After successfully crossing the 50% fib retracement, the scenario I'm more optimistic is a continuation of the bullish impulse to test price @ 56.90-57.30. Remember an ascending wage suggests continuation on the uptrend. In this case, aiming to enter a long position once price breaks and retest its resistance. Possible Entry @ 57.20 SL @ 56.00 TP @ 60.40 Use...
After the bullish rally that started in May, EURGBP peaked to its resistance level of 0.90515 on July 17th. I would wait for the second rejection to enter in a shorting position. Possible entry @ 0.91000 SL @ 0.90900 TP @ 0.86755 Use proper risk management.
Looking @ 1.31100's break as our first confirmation for the end of the previous retest.
I've been looking at this pair for quite a while. After breaking the uptrend it started forming since the third quarter of 2017, USDCAD seems to have retested and rejected the 1.32200-1.31700 area by leaving a gravestone doji on the daily chart last Friday. There is definitely an interesting week ahead since there are over 56% sellers on the market already, and...