olliefx

olliefx

This is another pair that I have been watching for a while now. There are multiple confluences to suggest that the downside prevails for this pair. The 50EMA has crossed through the 200EMA, suggesting a longer term momentum shift, with the bears now in control. The price has tried, but failed, to make a number of rallies but each time has found resistance. We...

olliefx

I have been monitoring this pair for a while, looking for ideal level to take a position long. The price saw a brief bullish rally last week, but found a cap at the 50EMA. The price rejected this level, looking to make a push back down into previous supply zones. I am targeting this pair to move back down to a previously used support level, before making a final...

olliefx

Oil has entered a period of consolidation following a rejection of the 50$ level. Long upper wicks suggest a lack of buying power at this level. I'm looking for a break below the localised wedge (clear on the H1) to confirm downside bias.

olliefx

WTI has seen continued resistance on any rallies of the previous weeks. The most recent move to the upside found a cap at the falling trend line, with a solid bear candle following. If we see a move below the EMAs, then this would open the door to the downside, with potential for moves back down into the previous congestion zone around 39$.

olliefx

This pair has been range bound for a number of weeks following the shock brexit result. Following the large downside move, we have seen a period of consolidation, with the pair trading firmly within the range of 1.2875 and 1.3430. The previous weeks trading saw a rejection of the upper bounds, followed by a bearish move back into the consolidation zone. The price...