USDWTI D1
Another bull leg seen here on WTI, pushing in excess of $81/barrel now. Things are looking very good, possible correction wave to be seen before the next push upside.
Looking for rejection and possible short positions from that $85/barrel price. From here we can squeeze a short position hopefully for as much mileage as it offers.
USDWTI H4
This setup is still valid, we are still within that latest lower low and lower high sequence, we just popped higher above our H4 trading zone.
Looking for a break of 71.00 and subsequent retest of 71.50 on the hourly to allow for the break and retest play on the hourly timeframe.
USDCAD H4
Just like we see on DXY, looking for that healthy pullback after the bullish moves we have seen last week.
1.24600 ish would be an interesting buy region for us as it would tie in nicely wi9th our S/R, fib support corrections.
USDWTI H4
A break short of $70/barrel would be quite significant in my eyes, threatening the break as we speak, but need to ideally see a solid H4 close below. Our H4 support region is trading marginally below that $70 whole number, but the 'zone' is still a decent support region.
Just need to wait for price exhaustion, especially with a volatile pair like WTI....
Despite current structure holding there is a valid long buy stop.
above MA's, and the strong support at current price has not historically been a strong resistance.
USDWTI H4 - Also on a very key S/R zone, currently acting as support. Looking to see if we hold ground here, otherwise we are on the verge of setting a new low and changing trend. $40/B is a key psychological price too. So would like to hold above here.
USDWTI H4 - Those that watched the weekly watchlist will be familiar with this setup, we mentioned we would like to see a double bottom from support. Potentially what we may be seeing here, but we haven't test the actual support zone, just shy of, where the candle bodies previously closed last week. Still 1:3, let see how this active H4 closes.
