Expecting price to return to the 0.69250 level as it just mitigated a bullish weekly OB, also price just did an expansion to the downside after a short consolidation on the H4, seller liquidity has been tapped, we should head higher now
The Price broke out of a descending triangle
The nearest Support level is at 0.6547, and the bulls will need to take out the roof at 0.7600 to invigorate bullish sentiment
for now, let's see if the price gets above the current resistance at 0.7196
NOTE: TRADING CFDS CARRY A HIGH LEVEL OF RISK, BE SURE TO USE MONEY MANAGEMENT.
Here we can see a totally clear and beautiful price action on USOIL,
I Will go long on USOIL when the price hits 20.45 or 19.55
the first target is at 29.18 level
RISK SHOULD BE NO MORE THAN 1% OF ACCOUNT
THANK YOU!
Price broke the descending trendline
currently retesting, the candlestick doesn't close below the 1.52000 level we have a good chance to go long with profit targets at 1.55588
Happy Trading!!!
ALWAYS REMEMBER TO FOLLOW RISK MANAGEMENT
Had to change the chart type to the line chart because candlestick charts often distort highs and lows
Okay so Here CHFJPY Is trading inside a channel formed from the lows of APR 7 2017 and highs of SEP 30 2018 till date.
Currently CHFJPY hasnt reached the top of the channel and is range trading from 113.110 to 110.000
If The price breaks below the new ascending...
I'm still bearish on this pair and will be shorting when the price breaks the trendline, I believe the price may rally downwards before any more moves upward
BE SURE TO USE GOOD RISK MANAGEMENT
NOTE: TRADING IS RISKY, BE SURE TO USE GOOD RISK MANAGEMENT AND ALSO CARRY OUT YOUR RESEARCH FIRST.
As we can see here, The price recently broke out with an impulsive move to the upside, Now Price is being challenged by current resistance at 1.05239 a break above the 1.05239 may send the price up to 1.06514
HAPPY TRADING!!!
