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Hello everyone, as we see, oil has been falling from years, 2014 was the last time we saw oil at 100$ and it is absurd to think, that oil will remain at 20$ per barrel. I have made 3 possible scenarios. First of all, nobody knows when the bottom is and at what price. When we hit the bottom, only the big players will know that this is the bottom, so we can only try...
As we can see, we just broke out of the channel, so we are expecting a pullback with the size of the channel. Have stoploss near the entrance of the channel. Good luck to everyone!
As you guys can see, we have formed ascending triangle, which means that most likely it will brake on the upside. You can take longs now and put my stop lost or wait for the price to go to the bottom of the triangle and get a more leveraged position for long. If you like my idea follow, like and comment!
will be posting occasional trades from now on that give a clear outlook from my perspective relative to whatever entries
I have just taken.
Please message me with any questions, tips, or suggestions and blessed trading!
Actually we can see that there's a supply supporting the value, and a broken uptrend that USOIL needs to retest, in the price action, we are coming from a double floor so at least we expect that the value arrive to 55$ that it's in the same position of 38% of fibo, so we expect at least this rise but the value can achieve and arrive to 50% or 61% of fibo, it will...
Hello Friends,
Oil is beginning to look very interesting for me. The $50 barrier is holding well, and we are currently retesting the break of the downtrend that we have at the base. 30 minutes from a potential bullish engulfing candle on the H4 chart
