According to the move of last week , we can see the line that we have R and S , some R was transformed to R after to be brokern generaly we have inspected a fake break-out arround Sell Zone (134080-134300) some USA news Influence but quikly return to first S (support) at 133800 Finnaly we recommande to Go short to get TP1 by the next 4 hours candles, this step is important if stay more than one 4h candle on this area to confirme with an price action we can be sure to confirm target to TP3 next week ,otherwise we waiting a reel breakout to go short buying (SL hiting).
Komen
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Even the oil going down more and more but not most infulence UC , the price was tested anthoer time the R at 134200 without succes. We have identifed on Frame 1 hours one Channel , so the break out down this channel is a big signal to go Short selling to TP1 for the first hour.
Komen
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After TP1 was reached , and price was given an strong selling signal at 1 hour frame , today the news oil was sepaking about oil stock and influenced the trend of price but not for long time , and i dont consider it like a reversal trend, so we still with our bearish vision we can take another selling positions from the top 1.34000 to next target with the some TP Good luck
After TP1 was reached , and price was given an strong selling signal at 1 hour frame , today the news oil was sepaking about oil stock and influenced the trend of price but not for long time , and i dont consider it like a reversal trend, so we still with our bearish vision we can take another selling positions from the top 1.34000 to next target with the some TP
Good luck
efazil
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I agree but we have to keep eye on USOIL next week
winerstep
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yes , some news speak about OIL to Up next week ....to be confirmed
troybk
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/whats the impact if USOIL to Up ? USD will drop
winerstep
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yes
and in case OIL go up , the UC Take the same way (not all time) but the oil have a infulence to USD CAD
troybk
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thank fo ur info
winerstep
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You Are Welcom , any time for any question or help
ngkim_sg
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Thank you!
winerstep
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you are welcom , for any help
stream
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in long run is bearish yes , but the corrections on monthly chart are still on .. it need 4 rejections . so now is up ,,
Good luck