It was a low risk entry with a profit of RR 1:15. This was a #SMC/#OD based entry. Entry was taken after multiple confirmations.
Crude have more chance go down because of resistance , if crude breaked the resistance it will track the flag pattern
A small buy can be seen in the short time. Take entry only after multi confirmation and always take trade by paying attention to your risk management.
Bearish Alt Bat Sell PRZ - 6142/6132 SL - 6215 Target - 6000/5930
Sell PRZ - 5924/5935 Add More Sell If Price Rise To 5977/5990 SL - 6021 Target - 5800/5760
This is a very profitable trade. Will take great support which can be great for a smaller time frame.
Crude Oil is going to be be on Fire making 5800 to 6500+ in short duration
Bullish Cypher Buy PRZ - 5655/5584 SL - 5544 Target - 5730/5820/5890
Bullish Butterfly In Making In Crude Oil Read Carefully. This Is A Complex & 2 Way Trade. The Most Important Number is 5540, If 5540 Breaks Then Crude May Fall To 4868. As Per The Harmonics Buy Will Come Only At 4868 Level. Buying PRZ - 4868/4900 SL - 4645 Target - 5370/5530
formation of symmetrical triangle in crude can be seen in the chart above. targets for long and short are marked in the chart above. take entry upon 5 minute candle closure.
On weekly to 10D & 12D charts, it's time to go long on oil. Use your 1h & 2h charts for entries as per your TS. Find chances to go long on pullbacks & other consolidation-b/o patterns . Tgt can take 15-30 days, though one can take multiple trades & book Profits at several intervals. Along with it, we need to keep an eye on copper long trades as well.
crudeoil is forming symmetrical triangle, it can breakout any direction please observe price action
US oil has broken its major downtrend line and is managing to test and sustain above the supports , is buy on every dips untill it stays above 70$ levels , keep SL very small at 60$ , any monthly candle closing below 70$ is an exit from trade , RR looking great and potential reward on the upside is very high
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles). (Color code for Support & Resistance zones: Red - Sell, Green -...
we can see usoil is going through complex correction, moving in set of 3 waves. creating difficulty for the traders to find a good RR trade. since it have bounced back from new low last night its its expected to move to 71$ and make a fall again. good place to sell would be around the given area of interest.
WTI has broken parallel channel and this may be painful. hope it may takes support at line mentioned
SELL TVC:USOIL @ 77.6 SL 77.92 Target 76.6 - 75.6 Just for Education.