Was shorting this pair on friday before news cause already 2 top rejected price and have also a pattern on oil on PRZ so no much risk. On cross this resistance i will add on short on the blue box for a wolf wave completion. Enter always on divergence so price will go down and even if price pullback after you are on Break even so pips free and no risk Let see if next week we have some weakness on oil or not
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oil next week - reversal or not ?
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piletji
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i'll be on the look out as i'm already short from Friday, but i got my stops around 87.37 area
piletji
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i share the same sentiment with you
BLUE43
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carefull on oil can also expend to 60 but some retracement before can be done maybe let see
GungHoTrader
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Excellent work as always
DAVID_GIRALDO
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bro i like your analysis but you should clean your charts up a bit before publishing so its easier to understand. too manty lines. i cansee and understand the price action movements but the blue trendlines overlapping make it confusing. maybe use some arrows too instead of trendlines to indicate what price action tells you about where prices will be. but really the overlapping trrendlines on top of price action gets confusing. i really enjoy your views though
BLUE43
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sorry for the lines but its my trading chart so i cannot move and remove all the time things. The price was making like a 3 drive pattern and was stopped on the red box where i took my short cause i saw alredy 2 rejection before. In case of break this resistance the blue box is the PRZ to take some short if divergence is going.
DAVID_GIRALDO
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thanks. i understand your analysis just have to spend time looking to be able to understand. i just mean like use a different color with arrows or something so people could understand easier. its cool though just do your thing!! thanks brothaa