USOIL enters the final stage of it´s insane rally since mid FEb 2016. Our target to finish the pattern is 38.10 figures. Expect this to be achieved on 7th - 8th of March but, as always, we have to pay attention to how the quote develops. Entry points SL and TP to be published in the Comments Trade safe!
It appears that we had a triangle that broke down some days ago and today the downwards movement was confirmed. I therefore go short on 50% starting at current position and will add some 50% more after a consolidation (if happens): Sell order: 1.0924 SL: 1.1050 TP1: 1.082 TP2: 1.075
USOIL has been continuously testing a crucial resistance level at 34.50 figures during these days. Today the quote literally spent some hours over this quote and was declined only by an API inventories report. Also, the Oil quote followed the SPX market which rallies over last two days. Finally, there was a strong support with the verbal interventions from...
On a weekly graphic we can see that last two weeks closed in negative, although, specially the second week, was quite tight. Still, we had a "Hanging man" figure two weeks ago and a Dojo last week. I´d therefore expect the forecoming week to close in negative as well. I´d wait until the price climbs to the higher limit of the wedge and then short. Sell order:...
USOIL had a bullish setup during the last couple of weeks but looks like it will go back to year-to-date low. It failed to break a year-to-date trend line and also an important resistance around 33.80 level. In the end, we have a Shooting Star figure on a Daily TF. I´d therefore expect this quote to break the ascending channel where the quote currently is,...
Hello Community! On my previous idea I had an expectation of US30 to recover some of the ground lost this year. It broke the 2016 trend line and headed to a channel limits placed over 16,560 value. Tested it several time and now looks like the quote goes down again. If my interpretation is correct, I´d say, we are somewhere near the end of the A wave....
USOIL chart may form another HS figure, not as big as previous one but still good to call our attention. I won´t go long this time, just wait until it consolidates. Sell order on 30.75 SL: 31.70 TP1: 30 TP2: 29 TP3: 28
The GBP was under a heavy pressure since the beginning of the year as there were no clear advantages on keeping the Great Britain within the European Union and the referendum on leaving the European Union was approaching. This Saturday the Prime Minister announced the Referendum on the 23rd of June and inspired the citizen to keep Britain in the Union as EU...
Greeting Community! As we can see from the graphic, today the US30 broke a trend line (the huge blue one) which shows the downgrade movement since the beginning of the year. The green line shows the most recent performance. It is all green with quite positive outlook (I shall better say, no huge fundamental negatives can be forseen in the next days). Right now,...
Hello Community! I can see a Head and Shoulder figure which completed the formation between yesterday and today Therefore, I go short on XAUUSD since current level @ 1209. My SL would stay at 1220 TP1 1180 TP2 1160 Any feedback, positive and negative, is appreciated as ever! Thank you for watching and trade safe!
On a first sight, there is a huge descending triangle on a daily graphics. If the pattern works, the thing becomes really really scary as we could easily go to the levels of mid 2011 as less. On another side, we may have an inverse Head-Shoulders figure in formation and that would drastically change the picture. In fact, that inverse HS applies quite well to the...
USOIL is in the consolidation zone. Therefore, before it goes deep down, there still can be a correction or two which can be grabbed. For today´s trade the pattern worked 100% Please feel free to discuss and specially to criticize as this is my first idea. Thank you for watching!