-PRICE IS AT DAILY DEMAND ZONE -PRICE MADE A DOUBLE BOTTOM ON H4 AT DEMAND ZONE INDICATING THE END OF THE BEARISH RUN. -PRICE BROKE OUT OF NECKLINE AND RETEST AT THE 50% FIB LEVEL -A BULLISH ENGULFING REVERSAL PATTERN OCCURED AT THE NECKLINE RETEST WHICH ALLOWS US TO ENTER LONG POSITIONS. -TARGET PROFIT IS AT STRUCTURE RESISTANCE LEVEL AT -61.8 FIB LEVEL
-OVERALL UPTREND -PRICE RETRACED TO MAJOR STRUCTURE SUPPORT -61.8 FIB LEVEL ALIGNS WITH STRUCTURE SUPPORT *RRR = 1 : 5.32
-OVERALL DOWNWARD TREND -PRICE IS AT STRUCTURE LEVEL -61.8 FIB LEVEL ALIGNS WITH STRUCTURE LEVEL -PRICE TOUCHED DOWN TREND H4 200EMA *RRR 1 : 5.74
-DOWN TREND -PRICE AT STRUCTURE RESISTANCE -61.8 FIB LEVEL ALIGNS WITH STRUCTURE RESISTANCE *RRR 1 : 5.12
-OVERALL DOWN TREND -PRICE AT STRONG STRUCTURE RESISTANCE -61.8 FIB LEVEL ALIGNS WITH STRUCTURE RESISTANCE *RISK TO REWARD RATIO 1 : 5.20
-DOWN TREND -PRICE IS AT STRONG STRUCTURE RESISTANCE -61.8 FIB LEVEL ALIGNS WITH STRUCTURE RESISTANCE *RISK TO REWARD RATIO OF 1 : 5.67
*PRICE IS CLEARLY IN A MAJOR DOWNTREND *PRICE MANAGED TO RETRACE AT A VITAL STRUCTURE 61.8 FIB RESISTANCE LEVEL NOW WE EXPECT A FURTHER AUSSIE DECLINE TO -27.2FIB LEVEL
BLATANT STRUCTURE AROUND THE 65.90 ZONE WITH CONFLUENCE OF PRICE RESPECTING THE 38.2 FIB LEVEL IN WHICH A SELL ORDER WAS FILLED, WITH TARGETS AT 63.00
GO LONG ON THE BREAKOUT AND CLOSE OF TL FOR CONSERVATIVE ENTRY
CRUDE OIL HAS REACHED IT'S KEY RESISTANCE LEVEL ... WITH A DOUBLE TOP FORMATION COMPLETE WE THUS ENTER SHORTS WITH TARGET AT THE NECKLINE
LONG TERM BUY POSITION TRADE ON THE CARDS??? WITH 166.00 AS POTENTIAL TARGET.
THE MAJOR SELL OFF... I HAVE ANTICIPATED HAS ARRIVED!!! PRICE BROKE THE TRENDLINE, AND OUR TARGET IS AT THE 50% FIBONACCI LEVEL. THIS IS GOOD SWING TRADE TO SUM UP THE YEAR. GOOD LUCK TO EVERYONE :)
PRICE BROKE TL... DOWN WE GO!!! TO SUPPORT ZONE
PRICE BROKE TRENDLINE...AND PRICE BOUNCED OF SUPPORT ZONE