USCRUDEOILCFD trade ideas
USOIL Short I hope you can now see how USOIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Crude Oil Ascending Triangle pattern formation at 30 mins - LongExpecting crude Oil to reach R3 Zone as because of Ascending Triangle pattern formation at 30 mins time frame
Crude Oil Ascending Triangle pattern formation at 30 mins TFCrude Oil Ascending Triangle pattern formation at 30 mins TF
Reason for CrudeOil breakout failure on 21-12-2020Ascending parallel Support channel not yet broken as per 4 hour time frame if we consider S1,S2,S3 wigs as a support channel.
Crude Oil Ascending channel support channel breakout at 4 hr TFCrude Oil Ascending channel support channel breakout at 4 hr TF
Entry - 3490
Stop Loss - 3515
Target 1 - 3470
Target 2 - 3450
Crude Oil Ascending parallel channel at 2 hour TFMarket Analysis - Crude Oil is still inside Ascending parallel channel at 2 hour TF and it's approaching S4 zone
💡WTI . Weekly Technical Analysis UpdateMidterm forecast:
43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains to resistance(s) 50.70, 54.75, 57.80 and more heights 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 74.
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USOIL (SUPPORT & RESISTANCE ZONE)Trade according to the support and resistance line.
set your stop-loss and trade.
USOIL Ascending parallel channel formation at 15 mins TFUSOIL Ascending parallel channel formation at 15 mins TF
USOIL Ascending parallel channel formation at 2 hour TFUSOIL Ascending parallel channel formation at 2 hour TF
USOIL Parallel channel reversal at 15 mins TFUSOIL Parallel channel reversal at 15 mins TF (Short)
Entry @ 3473
Stop Loss @ 3488
Target 1 @ 3458
Target 2 @ 3443
USOIL Ascending parallel channel formation at 4 hour TFUSOIL Ascending parallel channel formation at 4 hour TF
USOIL Descending triangle pattern formation at 15 mins TFUSOIL Descending triangle pattern formation at 15 mins TF
USOIL rising wedge pattern formation at 4 hour TF Market story - USOIL formed rising wedge pattern at 4 hour TF and expecting to reach S3 zone in following days
