WTI Crude is finally breaking out from what seems to be a very very important resistance zone, with Energy stocks already showing strong Relative Strength globally, this could be the cherry on the cake for what lies ahead with Crude. From a tight range is a break out happening which is a very good pivot point to take advantage off here.
Price action is the Key.
Use Ultra high volume setup/condition for additional confirmation purposes only.
A combination of Daily and Hourly time frames works well.
Highly recommended only if the Daily time frame is Trending.
Lower time frames say less than the hourly chart gives the confused or mixed-signal, so it is recommended to use for overnight...
Hello Guys I had find this trade and done analysis double top on 1h Timeframe i hope i had added some value thank you so much if you like plzz follow like and comment
I have 4 scenarios but mostly like the story about long. The world economies are not ready to continue the coronovirus story and everyone is tired of it. Businesses will die, constant stimulation will kill the American dollar.
I will look for entry points after a false breakdown of levels. In my opinion in a situation of partial uncertainty this is the only way...
the downward trend of oil to break with good volume
high probability oil will go up to $ 28
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GOOD LUCK
OANDA:WTICOUSD
My Short Position = 14.447 Dollar
Stoploss = 14.166 Dollar
Between TP = 3.239 / 1.997
The Main Problem With Oil Business is "plenty with oil storage"
