Hello friends,
I would like to share this quickly. On the 4H chart we can see The Ascending Broadening Wedge which would indicate going Short. Price didn't manage to breakout The Upper Boundary of the pattern twice and I truly think it’s on its way to 75.00USD/barrel area.
It’s also worth to remember that Ascending Broadening Wedge does not mark the exhaustion of the buying current, but the sellers’ ambition to take control!
I understand the conflict in Middle East will also affect the price but I will try and go Short from here.
Also we can see The Bullish Break of Structure on 1D and 4H charts. And Bearish Break of Structure on 15M and 1H charts.
It’s your decision – TRADE SAFE.
I would like to share this quickly. On the 4H chart we can see The Ascending Broadening Wedge which would indicate going Short. Price didn't manage to breakout The Upper Boundary of the pattern twice and I truly think it’s on its way to 75.00USD/barrel area.
It’s also worth to remember that Ascending Broadening Wedge does not mark the exhaustion of the buying current, but the sellers’ ambition to take control!
I understand the conflict in Middle East will also affect the price but I will try and go Short from here.
Also we can see The Bullish Break of Structure on 1D and 4H charts. And Bearish Break of Structure on 15M and 1H charts.
It’s your decision – TRADE SAFE.
Trade active:
I've just put a SELL order from 75.78 no SL. The Asc BW is also on 1H chart and the price already broke The Bottom Boundry. Also Soudi Arabia announced recently that if the conflict tontinues they will 'relunch' the production of Oil.
Trade active:
1H chart is seriously OVERSOLD on the oscillator that is why the price will try and 'jump up' from time to time.
Trade active:
SELL order from 85.78 (not 75.78 sorry my bad)..... Let’s see if the price will break the bottom boundary of the pattern on 4H chart today. If it does it will drop even lower. Still waiting…..
SELL order from 85.78 (not 75.78 sorry my bad)..... Let’s see if the price will break the bottom boundary of the pattern on 4H chart today. If it does it will drop even lower. Still waiting…..
Trade closed manually:
Trade closed at 85.00. No luck this time :( . Price action couldn't hold below the bottom line of the Ascending Broadning Wedge pattern.