Hello Traders!
This is my idea related to USOIL H1. I see that WTI set a new WH and I expect a bearish move to close the FVG H1.
If confirmed, it's a good opportunity to execute a Short Trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
WTI retested on the FVG or Demand zone between 70.55 to 71.16,
ICT requirements filled, LG and ChoCh, today retesting on the demand zone.
This structure happened inside the 8H ICT Long setup performed and about its FVG.
It is a multiple timeframes and top-down ICT Long setup together. Looking forward to have some news event for Boosting up to next Key...
#WTI_Oil (West Texas) 🇺🇸 4-Hour Timeframe, bearish 📉 and bullish 📈 scenarios 😃
👉First: Bearish Scenario 📉 through Wave 5 of a bearish impulse wave, which needs breaking below 69.342 level for confirmation.
👉Second: Bullish Scenario 📈 through an impulsive wave after completing a Double Three Pattern, which needs to break through 76.188 level for confirmation.
WTI appears set tor a cheeky retracement. Volumes were falling during its leg higher from $68, and Wednesday closed with an exhaustion candle. Note the strong trading activity around $70 which indicates some bears were caught short and bulls initiated, which assumes short-covering helped fuel the rally and any retracement towards $70 could also be supported....
Crude is under pressure of fear of recession and can goes down again.
Upper line of broad channel is so strong and can push price to 68.00 zone.
Trade safe.
Good luck.
In mid-December 2023, we witnessed major shipping companies announce a halt to transit through the Red Sea. Then, with the launch of Operation Prosperity Guardian, we saw the same companies start reversing their decisions, only to again pause shipping quickly after the resumption (thanks to more attacks from Houthi rebels targeting Maersk ships). As such, the past...
Hello Traders! Price broke a swing high which can represent bullish momentum. This can also be a false break to get retail in long. I caution trading NFP and would play the sidelines still the trend becomes more clear.
The potential for an increase in oil prices looms as supply disruptions in Libya unfold. Additionally, heightened tensions in the Middle East, fueled by another attack on a container ship in the Red Sea and explosions in Iran, contribute to the uncertainty. Shipping giants temporarily halted Red Sea shipments last month due to attacks by Houthi rebels, who were...
Hello traders, over the last few months, Usoil has seen a bearish trend. I anticipate this selling momentum to continue until we reach 67.68 and we could go lower. In the past days, we've established the buy side of the curve and formed a market maker sell model.. I'm interested in engaging in a sell position once the daily FVG is reached, of course after a...
Hello Traders!
As expected, we can see a retracement of the OIL H2 from the resistance level, and also, from the OB at the price of 74.900. I see this retracement as a good signal of bearish domination, representing a good opportunity to execute a short trade.
Treaders, if you liked my idea or if you have a different vision related to this trade, write in the...
WTICOUSD - 24h expiry
Previous resistance level of 75.34 broken.
Intraday, and we are between bespoke support and resistance 73.51-77.10.
The sequence for trading is higher highs and lows.
There is scope for mild selling at the open but losses should be limited.
The medium term bias remains bullish.
We look to Buy at 75.00 (stop at 74.20)
Our profit...
Hello dear traders .
Good days .
On monthly Gann Square , after broken Arc resistance it try to broken upper Fan trend line and Gann Box level resistance but rejected strongly .
For future next Arc resistance it need to get support from monthly Gann Square Lower Fan trend line .
Road map plotted with help of daily Gann square & Daily Gann Box .
Good luck and...
hello everyone, USoil pulled back from the main resistance level,
Monthly bar started of bearish
weekly: good confirmation of overall price is bearish
Price could fall to support level 1 or 2...
for entry try getting as highest as possible
good luck
We have a break of structure to the up side followed by a return to a trendline with a false break. We also have bullish Divergence on the weekly chart! Get ready for the seasonal price change of OIL...
USOil WTI has shown a robust bearish trend of late, reaching into a noteworthy support level on both daily and weekly charts. The accompanying video offers an extensive breakdown of this trend, meticulously dissecting price actions and pinpointing potential trading prospects by conducting a comprehensive analysis across various timeframes, spanning from weekly...
The market's reaction to OPEC+'s announcement of voluntary production cuts was a further decline in oil prices. According to reports, investors were pessimistic about crude oil ahead of the OPEC+ meeting and had already priced in their expectations that production cuts would not be enough to push oil prices higher.
The market's economic recession and investors'...
