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Usoilanalysis

A second Chance to Sell in USOIL...Midterm forecast: 60.15 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 60.15 is broken. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 50.90 on 06/11/2019, so more gains to resistance(s) 58.05 and maximum to Major Resistance (60.15) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 56. trading suggestion: *There is still a possibility of temporary retracement to suggested resistance line (60.15). if so, traders can set orders based on Price Action and expect to reach short-term targets. *If you missed our first HUNT, you have a second chance to bell below the suggested resistance line (60.15). Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Trade Setup: We opened 9 SELL trade(s) @ 65.11 (day close price) based on 'Peak' at 2019.04.25. Total Profit: 6754 point Closed trade(s): 3750 point Profit Open trade(s): 3004 point Profit Closed Profit: TP1 @ 61.85 touched at 2019.05.02 with 326 point Profit. TP2 @ 60.15 touched at 2019.05.06 with 496 point Profit. TP3 @ 58.05 touched at 2019.05.23 with 706 point Profit. TP4 @ 55.20 touched at 2019.05.31 with 991 point Profit. TP5 @ 52.80 touched at 2019.06.03 with 1231 point Profit. 326 + 496 + 706 + 991 + 1231 = 3750 point Open Profit: Profit for one trade is 65.11(open price) - 57.60(current price) = 751 point 4 trade(s) still open, therefore total profit for open trade(s) is 751 x 4 = 3004 point All SLs moved to Break-even point. Take Profit: TP6= @ 49.50 TP7= @ 45.80 TP8= @ 42.60 TP9= Free
TVC:USOILShort
by ForecastCity_EU
A second Chance to Sell in USOIL...Midterm forecast: 58.05 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 58.05 is broken. Technical analysis: The RSI support #1 at 43 is broken, so the probability of beginning of downtrend is increased. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 66.50 on 04/23/2019, so more losses to support(s) 52.80, 49.50, 45.80 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 23. trading suggestion: *There is still a possibility of temporary retracement to suggested resistance line (58.05). if so, traders can set orders based on Price Action and expect to reach short-term targets. *If you missed our first HUNT, you have a second chance to bell below the suggested resistance line (58.05). Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Trade Setup: We opened 9 SELL trade(s) @ 65.11 (day close price) based on 'Peak' at 2019.04.25. Total Profit: 8394 point Closed trade(s): 2519 point Profit Open trade(s): 5875 point Profit Closed Profit: TP1 @ 61.85 touched at 2019.05.02 with 326 point Profit. TP2 @ 60.15 touched at 2019.05.06 with 496 point Profit. TP3 @ 58.05 touched at 2019.05.23 with 706 point Profit. TP4 @ 55.20 touched at 2019.05.31 with 991 point Profit. 326 + 496 + 706 + 991 = 2519 point Open Profit: Profit for one trade is 65.11(open price) - 53.36(current price) = 1175 point 5 trade(s) still open, therefore total profit for open trade(s) is 1175 x 5 = 5875 point All SLs moved to Break-even point. Take Profit: TP5= @ 52.80 TP6= @ 49.50 TP7= @ 45.80 TP8= @ 42.60 TP9= Free
TVC:USOILShort
by ForecastCity_EU
2
A trading opportunity to sell in USOILMidterm forecast: While the price is below the resistance 66.50, beginning of downtrend is expected. We make sure when the support at 55.20 breaks. If the resistance at 66.50 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 66.50 on 04/23/2019, so more losses to support(s) 61.85, 60.15, 58.05 and minimum to Major Support (55.20) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 52. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (64.70 to 66.50). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (64.70) Ending of entry zone (66.50) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Trade Setup: We opened 9 SELL trade(s) @ 65.11 (day close price) based on 'Peak' at 2019.04.25. Total Profit: 2404 point Closed trade(s): 822 point Profit Open trade(s): 1582 point Profit Closed Profit: TP1 @ 61.85 touched at 2019.05.02 with 326 point Profit. TP2 @ 60.15 touched at 2019.05.06 with 496 point Profit. 326 + 496 = 822 point Open Profit: Profit for one trade is 65.11(open price) - 62.85(current price) = 226 point 7 trade(s) still open, therefore total profit for open trade(s) is 226 x 7 = 1582 point All SLs moved to Break-even point. Take Profit: TP3= @ 58.05 TP4= @ 55.20 TP5= @ 52.80 TP6= @ 49.50 TP7= @ 45.80 TP8= @ 42.60 TP9= Free
TVC:USOILShort
by ForecastCity_EU