I buy a WTICOUSD correction. The exchange tested back the 50% level of the W1ATR weekly correction range. I'm starting with the target price of $ 57.68. That means I'm waiting for a stronger north turn. In other words, I expect the initial start to be stronger. And that's what you can imagine. if the exchange rate starts at W1ATR50%. This level is 52,483usd.
There are excellent chances for WTI to move up from here!
There is still 15mins for this candle to wrap up but I think there are great chances for upside since we are testing a support and have a contraction leading to 61.8%. The new 4H candles just started so im excited to see how things work out!
WTICOUSD increasing uptrend movement. The white rectangle in the figure shows the daily correction range for WTICOUSD. We follow a similar set of rules to the previous XAUUSD analysis. In the event that the exchange rate is successfully north of the white line at 51.30usd, a strong uptrend will follow. 1. In case the exchange rate breaks down this level, we wait...
WTI and BRENT are taking heavy hits for some time now with the price dropping strongly on both mainly due to the Coronavirus, but more recently (Friday) due to the OPEC members not being ready to cut production.
We expect based on basic technical analysis that price should be moving south, our TP and SL can be seen on the daily chart (on the right) while our...
WTICOUSD update. WTI has reached the level where a H1ATR Stop level with 2RR TP: 57.68 usd target price to launch long position. Following the previous analysis.
WTICOUSD long waiting for entry. A corrective phase has begun. I suppose the exchange rate could hit 49usd again. Creating this level (technically creating a double bottom formation), I look forward to turning north. The exchange rate is currently 1: 1 for fractal copying. The target price for the ascending wave sequence is 57.68usd
WTICrude Oil has dropped down into a major demand zone for buyers. The RSI is divergent with a double tap pointing to the upside - Fibonacci. At the minimum is the 23.6 retracement at 54.4 as soon as this risk aversion becomes less intense we will hopefully see a major bounce.
Oil shows the sing of correction and uncertain buying behavior and pause of selling pressure with the triangle price pattern. I suspect continuation in selling.
Good morning everyone and happy Monday!
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In this watchlist we go over a few day & swing trading setups and explain why we have taken the trade...
WTICOUSD long entry level now. I was looking forward to reaching the entry level. Technically, the time has come. I will be looking for a long entry into the first M5 rising wave structure.
WTICOUSD is still looking forward to the long. Due to a new fractal rule in the exchange rate, we have not entered a long position yet. Namely, the structure of the falling wave of the exchange rate decreases with a "halved ATR". Therefore, the resulting fractal may also have half the amplitude of the previous fractal. Therefore, we are looking forward to...
![WTICOUSD: Daily Watchlist: 3 Forex pairs & 1 commodity [27.1.20]](https://s3.tradingview.com/a/apgxDhiL_mid.png "Daily Watchlist: 3 Forex pairs & 1 commodity [27.1.20]")
