-Crude oil is currently trading in a ranging market environment between 83.34 and 70.08 (larger range). Price is also in a smaller range between 82.66 and 72.46 (smaller range). -From how I see the markets, the 10AM Feb 23 candle was a retest of a fair value gap before a move higher continues aiming between 79.73 and 81.50 price levels. I would like to see the...
In my previous SLP analysis, I said that there is a high probability of a higher low in place at 0.015 and after a spike to 0.025 the coin started to consolidate above 0.02. I'm bullish as long as the price is above 0.015 and a buy at this moment could have a 1:3 risk: reward if we target 0.045 previous high. However, a return of optimism in the crypto market...
Forex is just like any other business, but in this case when you invest, your money goes through the market and is used for trading curency prices against each other. A professional with years of experience and software available knows how to trade with these currencies. Its very profitable as an extra income stream but it can be difficult for newbies like...
Oil is riding down the descending channel quite well. I feel like $13.50 could happen but maybe its time for a bounce based on everyone going short at this point. Maybe a short squeeze? I haven't really looked into short positions but I know they have been gaining for months. Assuming that we are to break up, we wouldn't see a ton of resistance until $30. I think...
I have been long term Bearish on oil expecting a few rallys up on the way down. Here is my long term projection for oil, anticipating $25 a barrel. We landed on the 38% retracement here last year as a response to the decline down from 2009. I think that rally to the .38 was the last for bit.
Looks like we are bouncing off long term support of an older trend line. I have done a Fibonacci overlay to estimate a return in to the $57 region. This is not trading advice.
I can see oil dropping to $56.50 and ultimately much lower if momentum continues.
Gold is mostly aways from ranging and channels and thats why its the sweet spot. However, Gold is either an Obedient dog or a ratchet one. Finding sweet spots for the pair is the Key because it obeys them. Over here we have 3 trades based on Trends and SR lines. A broken triangle gives us a bullish but failure to the trade, we take a short on trendline break with...
USDCAD POSSIBLE BULLISH SETUP, DXY AREA 94.30-94.40 CONTROL Initial SL level as it drawn (on close) DXY are 94.30 - 94.40 on control.
sell the break. i think it will be a good opportunity. first impulse on lower tf was already there. lower tf: GOOD LUCK