Trade Idea
The move higher is mixed and volatile, common in corrective sequences.
Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher.
Previous resistance located at 57.40.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
News events could adversley...
Extremely bullish here & been waiting for months for this opportunity to buy down here.
Bought at 30.4p & will buy more if I get an opp at 29p-30p
Bullish divergence on RSI.
Resistance becomes support in most plays even if it takes a few weeks/months.
44.2p - 57p next resistance. Longer term will be more as this is a revenue growth making company.
Sorry for...
This pair is in an overall downtrend and we may see price re-test the zone i have marked with the grey line to potentially break bearish and make new lows.
Entry - grey line
Stop loss - red line
Take profit - green line
Risk exposure - 1%
RR- 1:2
Just throwing some lines on BP (BP.) and it is clearly trending downwards over 20 years.
I have been checking how various stocks were affected by the 2009 crash.
BP experienced a sharp correction in Oct 2008 and June 2010. However feb 2016 was another low point.
This forms a preety much parallel gently downward sloping channel.
This is indicated as reference for...
My wife is fed up and wants a new man... Please send me your applications... And hurry up about it as i dont want her hanging around.
From the chart we can see that this week price broke though our trend line after respecting our resistance zone yesterday, price fell out the sky yesterday afternoon the bears must have been in a hurry, but now we can see bulls...
The movement path has changed. Therefore, the formation of a double downward wave may begin. This means that the exchange rate is facing a nearly 10% decline. The target price is 46.43usd
SELL – BP (BP.)
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company's segments include Upstream, Downstream, Rosneft, and Other businesses and corporate.
Fundamentals
BP’s second quarter earnings came in flat as increased production offset lower oil prices....
I am attempting to short US Oil again but this time I have the added confluence of the CTL being broken and retested.
Another bearish wick rejection of the trendline and daily 50ema occurred yesterday swell. This gives me greater confidence.
I am still targeting $51 per barrel
Trade Idea
The previous day's bullish engulfing candle led to further buying yesterday.
Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher.
Previous resistance located at 57.40.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Preferred trade is to...
FX:USOIL
Crude Oil - Intraday - We look to Buy at 55.25 (stop at 54.50)
A bullish reverse Head and Shoulders has formed. Neckline comes in at 55.25. The formation has a measured move target of 60.40. We look for a temporary move higher. Preferred trade is to buy on dips. Further buying is expected to follow with the hourly Ichimoku cloud and our bespoke support...
Right now oil is in a downtrend moving through the channel shown in the analysis, also confirmed by being under the 20, 50 and 200 moving averages on the 4 hour chart.
A good place to sell would be anywhere at the top of the channel up to the purple sell line. This is because of a possible fake out.
The price should then continue moving down through the channel...
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