Support confirmed warrants a long trade idea placing stop just below recent low. Remember risk max. 1% per trade.
Anyone else see the inverted head & shoulders pattern on the H1 timeframe. On candle closing above the shown neckline a long can be considered.
Always a trickier proposition trading against the underlying trend, but as technical analysts we can respect the chart structure to try and profit from a momentum switch.
We reiterate our sell level again at 103.360 level as momentum again turns bearish after recent uptrend break.
We see a further push lower as momentum returns negative as 13828 level trades. Yesterdays fallout hasn't finished yet! Stop loss 13965 Target price 13475.
A clear historic repetitive pattern in fruition. We clearly highlight the body of the candle closing below the 200 day ema (yellow line) creates a high probability of prices moving lower. A short trade at 0.63076 S/L 0.63540.
Crude has been trading profitably for us recently by combining our analysis and strategy. We see a short opportunity now emerging. Check out the chart and a short trade can be taken around 113.00 level. A sensible stop level should be placed just above the recent high at 116.120 level. Risk maximum 1% of your underlying capital.
A nice sell trade has materialised after break of recently uptrend and momentum turning bearish.
We have taken a short trade at 90.222 S/L 91.340 T/P TBC as prices retreat. NOTE Overnight figures will heighten volatility so -please ensure it aligns with your own plans and trade management strategies.