history..after the break of support (yellow area), history tells us that the WTI can drop in area 43 $
WTI-OIL
WTI Time for SellWhen price moved below MA100, we got a signal for opening short trades. Entry level was below the low of the bearish candle. Stop orders should be placed above MA20. Profit target is at the support level. MACD and DMI confirms down movement. If ADX line starts falling, we'll have to close all short trades and wait for new signals.
GBPUSD testing key area before declining to 1.2350GBPUSD is currently testing a key area, having reacted nicely off this zone recently. I still see bearish pressure for GBP and with the MA's about to cross alongside recent weak UK data we could see a nice decline to 1.2350 or lower. I see two possible scenarios...either a break straight down to 1.2350 or a retest of the 50 fib/ 1.2550 level before falling to the weekly key level
WTI Short TradePrice reached the resistance zone. You can see the past price action near the support and resistance levels. Everytime we could open trades and make good profit. Now we have the same opportunity and we can sell below 53,50 with target at 51.50 and 51.00 levels. Stop orders must be placed above 54.00 level. It's a good example how to trade properly in range market conditions and use RSI for confirmation price reversals.
Current AUDUSD short from key monthly levelThis is a trade I am currently in. I am short AUD/USD from this key level that prices has failed to break a number of times. This is a simple setip for 1:2.22 risk/reward
USD/CAD waiting for explosive move lowerThis pair is slowly ticking lower but has been unable to close below the 1.3015 weekly level. Once we get a clean break and close below this level on a daily time frame we will look for shorts. We have to be patient with this as the MA's are in bearish territory on the weekly and daily timeframes, as well as the weekly bearish fib play. This level is holding but it seems as though short term buys in this area have been nearly exhausted.
Gold short - weekly level hold, breakdown and 61.8 fib rejectionGold broke lower out of this channel after testing this weekly level to the upside. Prices then pulled back after testing the daily level to the downside and is currently rejecting the 61.8 fib. If we see bearish price action I will enter short
USD/JPY short on break of counter trendlineUSD/JPY rejected this zone and is heading lower. On a break of his counter trendline we can go short. Risk/reward is 1:2
GBP/USD trading opportunities in coming weekGBP/USD is in a key area and we have had two 4hr inside bars. A break above this area would show that support is holding, therefore giving long opportunities. A break below weekly support at 1.2420 would see us short to around 1.2250-1.2200. It is important to remain unbiased and trade what we see here
USOIL. Blitz. Another Drop To Finish CorrectionSetup is based on the clone of the left part.
We are in a wave B before another drop down.
Last time price got over 61.8% of wave A in wave B.
So setup is as follows:
Entry short: 53.12 (61.8% Fibonacci)
Stop 54.33 (above the top of A)
Target 50.01 - round number ahead of C=A.
OIL SHORT: Commercial hedging at multi-year highsCommercial hedging short interest is at multi-year highs - back to where it was in summer 2014 when oil topped at around $100.
Hedgers are locking in current prices as they believe they are extremely attractive in the medium term.
Speculative positions are also at multi-year highs - making oil prices prone to a downside squeeze.
WTI may have set in a near-term top and, although we could see $60 tested in the next few months, oil will continue to be pressured to the downside.
A stronger dollar, questions about OPEC compliance and weak global growth are all fundamental forces which support this view.
USD/JPY short idea with good risk:rewardUSD/JPY has been capped at the 61.8% Fibonacci retracement after a nice rally and now stands in this ascending channel. This pair has been making lower highs and lower lows so is in a technical downtrend, alongside trading in this descending channel. If prices break this channel I will go short and target the monthly support at 111.50.
Crude OilOn background the down_trend (on higher TF) we probably have correction from fibo line 0.618 level. So, setup pending sell order on breakout the fractal_based line. Dont forget about Stop Loss! (short_term trend is rising, so we will follow the rising trend if trade will stop by Stop Loss). I want take a great part of the reversal movement!
So, follow my signals to profit trading!
Crude oilWe have the down_trend. Some of signals confirm that (mark on the chart). We need breakout the next fractal_based line for add more short orders and stronger down_trend!
Dont miss new signals for more profit orders!
USOIL Continuing Down MoveWTI Crude Oil projection on the weekly until the week of May 8th 2017. Then stay tuned..
Cheers,
Keops
After a small rebound observed Powei situation, the downward treAfter a small rebound observed Powei situation, the downward trend.
