Great opportunity... Both level have potential to push the price. Nice Breakout and retrace entry, 618% will be added advantage.
Both marked area have potential to push the price down. PA will decide right time to jump into the position. Adhav
Price rejected around 61.8% Fib Level. Awaiting for short opportunity. Adhav
Price has retrace now and looking right PA continue to catch the downtrend move
Price consolidating in the key area. looking relevant Price Action Bar to jump into trade. I am more preferring the short. Let's see....
We got a good buy opportunity from Redcrowfx Signals.
Price have clear uptrend and yesterday price provides nice kick-off for uptrend move. The market has clear space till 1.45279
Price retrace at key level waiting to forming PB and expecting to reach 0.83105
USOIL is recovering, or at least has stopped going further down. Currently consolidating in a $3 range B/W 49.40 - 52.30 in last couple week (check Magenta rectangle). Currently trading at 59.02 (19.30 pm GMT+5.30) which also happen to be a strong resistance from the current level. If it breaks the asset will go into a buffer zone as we can see a DOUBLE BOTTOM is...
The weekly is favored turning up above 26.34 lows from 2/11/16 & the daily is turning down against the 77.01 highs from 10/3/18. Nearer term while above the 49.30 lows where the 4 & 1 hour are turning up it can correct the cycle lower from the 10/3/18 highs.
The pair ended a cycle in wave (1) at .8276 where the 4 is turning up. While above the .8421 lows where the hourly right side is up it can see a bounce correct the cycle from the .9331 highs from 8/12/2019 where the daily is turning down.
Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 51.05 on 10/3/19 where the 4 hour is turning up. The wave (1) cycle from the 10/3/19 lows has ended at 65.68 and while a bounce fails below there expect another swing lower to correct the cycle from the 10/3/19 lows.
Up For 3/C ! OANDA:AUDCHF