Oil harmonic BATOIL needs a close above $82.70 to activate target at $93, slight possibility for a retest entry at $77.
Witcrude
OIL Intraday. Aiming 1:10 RRRisk 1% and aiming for 10% on this trade. No indicators used. Pure price action. Like to keep my chart clean. Simply trading structure, nothing else!!
All trades closed on the same day. Entries are taken on 1 min chart. Stop loss is moved to cost after structure break. Don't chase the trades, wait for the next opportunity.
Also, please view price action on 1 min chart if you're following my entries. It will make sense. Trading view doesn't allow to post entries on charts smaller than 15 minutes.
Mostly trade 12-5pm UK time NY session. Sometimes London Session. Don't like the idea of watching charts the whole day.
USOIL Time for changeHappy Hump Day oil traders! Maybe today could be a turning point for a while. Last 6 days have been sell days and push oil prices down to the bottom of my original channel in red. Stoch RSI and Money Flow have change directions indicating this could be the day for a change in directions. I am expecting upward movement to at least the top of my original consolidation triangle at about $56.50. I entered a long position at $54.00. Recommend setting stop loss to your risk level and TP around $56.50. Have a great week!
Lovely long opportunity for CADJPYLooking at this pair and comparing it to Crude Oil we notice a correlation of some sort. With the robust rally of oil on Friday we should expect CADJPY to follow suit as it has with a sharp rally during the intraday trading hours of Friday. Taking that CAD being one of the largest producers of crude oil and JPY being one of the largest importers, we should definitely see a nice play out to the upside as oil prices continue to rally. Im expecting an exhaustion of some sort on Monday and then a continuation to the next zone. ( or a very sharp continuation onwards.
