Oil is following analysis very nicely...slowly but nicely. Due to the new year coming in and trading just getting back into the swing of things we can expect consolidation and low liquidity in most pairs until the ball really starts rolling.
As mentioned in my last post I have expectations for oil in Q1 and Q2 but we need a liquidation region to push to the accumulative zones and I expect this to come sooner rather than later. When I post I am not telling the market where to go I am simply trying to predicts it future movements so I can be prepared to take the trade when the opportunity arises (NEVER TRY AND TRADE THE MOVEMENT YOU PREDICT...MARKETS MOVE ON THEIR OWN ACCORD).
Oil has broken its consolidation and retested with a rejection which is a good sign. Oil usually has big spikes and long wicks in its corrective move and that's what I'm waiting for...Oil can easily push 79.70-80.30 which sits just outside the true trend so I favour this as a short region. We can't rule out the possibility of the purple zone this is a major liquidation so I will keep my eye on it. I will watch and wait for rejection and then take my shorts down to the 75-74 region hopefully gaining 500 pips profits.
Feel free to drop me a message.
As mentioned in my last post I have expectations for oil in Q1 and Q2 but we need a liquidation region to push to the accumulative zones and I expect this to come sooner rather than later. When I post I am not telling the market where to go I am simply trying to predicts it future movements so I can be prepared to take the trade when the opportunity arises (NEVER TRY AND TRADE THE MOVEMENT YOU PREDICT...MARKETS MOVE ON THEIR OWN ACCORD).
Oil has broken its consolidation and retested with a rejection which is a good sign. Oil usually has big spikes and long wicks in its corrective move and that's what I'm waiting for...Oil can easily push 79.70-80.30 which sits just outside the true trend so I favour this as a short region. We can't rule out the possibility of the purple zone this is a major liquidation so I will keep my eye on it. I will watch and wait for rejection and then take my shorts down to the 75-74 region hopefully gaining 500 pips profits.
Feel free to drop me a message.
