Several important things converge on UK Oil price (on weekly chart) creating probabilities for the south on most lower time frames:
1. Original Grade A ATR switch for the south.
2. Bullish rebellion into a near 61.8% Fib
3. Weak squeeze momentum rebellion (so far).
4. Horizontal zone of congestion near recent price.
5. VMA resistance level.
Note that VMA and...
We are looking for a possible turning point in our green zone then a run to the downside, this area is key on all timeframes and has been used as good resistance, so we are looking for it to be respected as resistance once again.
We will keep you updated on developments of this trade.
The most recent Daily candle closed as a bearish pinbar, and on the 4 hour price closed below the consolidation zone.
Entered into a short on the 4 hour close, targeting the next 4 hour market structure level
Price on the daily is uptrending, and has recently entered a zone which caused price to begin a long bearish move. There are signs of indecision and bullish rejection, as a doji spinning top and doji bearish pinbar was recently formed, both strong signs we could be seeing a change in momentum to the downside.
Dropping to the 4 hour, we can see...
On the daily, price is in uptrending structure, and has run into the level 1.87000, which is a prior high. As price first approached this level, it was rejected and formed a candle showing a fair amount of bullish rejection. The following two candles have tested this level and was also rejected. The first of the two candles shows indecision, the second...
Our entry order got triggered in yesterdays trading day & the pair has currently been in a consolidation zone for the past 4days now between 0.69090 & 0.68500, We are looking for a clear break & retest of 0.68500 for further downside momentum. If the 200ma fails to break we will be looking to close the profit manually.
Beginning with the monthly chart, we can see that GA is currently resisting off of the 1.8500 zone which it has done in many previous tests. As well as this, we also have a support level on at around the 1.7300 level which in previous tests has proven to be a strong level of support especially.
Dropping down to the weekly chart we can now see the true...
Price has tested the downwards channel multiple times then broke to the upside where it has hit our price zone. price should reverse
TP 1 - 9.27954
TP 2 - 9.21655
TP 3 - 9.13943
SL - 9.34018
have a great day guys, please use correct risk management
In this screencast I say that the recent weekly price action in Wall Street is a correction in a bear market. Price has moved into a critical zone and is struggling to stay afloat. This does not mean that it is bound to collapse. It means that price can probably move south.
The long position in GBP/CAD has been taken to test correlation with the UKOIL trade place earlier. Analysis on this is currently being kept to myself until the trade is closed, whether TP or SL is hit.
very easy trade here. There's a Bat pattern completing right now on this 4H chart and i'm going short, with stops above X and targets along with Fibonacci (0.382 and 0.618 of AD). Positive note: price is in overbought and divergence conditions on the RSI below.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart!
Bearish engulfing below 78.666 level, had two massive wick rejections to the upside indicating this pair doesn't want to continue bullishly. Possibly the last touch on the trend line as i have found the 4th touch can be a pretty significant reversal touch number (if that makes sense haha). I am also bearish on AUD this week overall, but am thinking we will get a...
we have 2 potentials here.....
1. new have our first reversal zone ranging between 74.100-74.400. we have a already had one rejection in that zone. the TP we have is 140 pips. mini head and shoulders
2. our second reversal zone which ranges between 75.550-75.100. back towards the end of september we see this level reverse so if the first idea breaks I will see...