Forex Journals and Trading signals | 25 March 2020
Great Morning Readers,
My main focus is on USOIL aka Crude Oil (CL)/OILUSD.
Today i see a double bottom formation on 1hr time frame (TF), which is most likely going to break out (BO) today.
Refer to the picture below for guidance. I cannot categorically give any entry or exit signal right now, but i expect a huge move after the BO to the volume of 9000pips for 5 digits pips chart.
Have fun!
Update 1:
Am not sure but I see a huge downside bias very soon (see setup below).
Update 2:
Market seems to be moving in our favor. My entry line hit already. Will it continue?
Let's find out...
See photo below...
Entry Signal 1:-
USOIL/CL/CRUDE OIL/OILUSD
Entry 22.293
Target 18.400
S/L 27.986
Update 3:
The BO did not happen. We expect it to happen any time soon though. I made $52 from the minor move though.
Lets hope for the best.
refer to the updated chart below.
See you tomorrow...
Follow my signals for free on MQL5
The chart though with low volatility still looks promising as the price is slowly reaching for the bottom of the triangle formation we spotted earlier today.
The price which is ranging between 23.255 and 21.217 might BO when it hits the bottom of the triangle.
Entry Signal 2:
USOIL/CL/CRUDE OIL/OILUSD
Sell Below :21.187
Target :18.900
S/L :24364
Day one signal is still valid, so if you happen to have entered yesterday, hold your position tight. A big move is coming.
Update 2:
BO confirmed 😄
The price is below SMA20, SMA50, daily pivot point, support/resistance tracker, and most importantly below the triangle formation. So we wait for a further downside move, then a rebound. The price will go back to retest 21.177 area, then we shall experience a further downside side.
If you missed the entry, wait for the rebound.
Lets make money dudes.
Follow my signals for free on MQL5
My main focus is on USOIL aka Crude Oil (CL)/OILUSD.
Today i see a double bottom formation on 1hr time frame (TF), which is most likely going to break out (BO) today.
Refer to the picture below for guidance. I cannot categorically give any entry or exit signal right now, but i expect a huge move after the BO to the volume of 9000pips for 5 digits pips chart.
Have fun!
Update 1:
Am not sure but I see a huge downside bias very soon (see setup below).
Update 2:
Market seems to be moving in our favor. My entry line hit already. Will it continue?
Let's find out...
See photo below...
Entry Signal 1:-
USOIL/CL/CRUDE OIL/OILUSD
Entry 22.293
Target 18.400
S/L 27.986
Update 3:
The BO did not happen. We expect it to happen any time soon though. I made $52 from the minor move though.
Lets hope for the best.
refer to the updated chart below.
See you tomorrow...
Follow my signals for free on MQL5
Day 2:- March 26, 2020
The chart though with low volatility still looks promising as the price is slowly reaching for the bottom of the triangle formation we spotted earlier today.
The price which is ranging between 23.255 and 21.217 might BO when it hits the bottom of the triangle.
Entry Signal 2:
USOIL/CL/CRUDE OIL/OILUSD
Sell Below :21.187
Target :18.900
S/L :24364
Day one signal is still valid, so if you happen to have entered yesterday, hold your position tight. A big move is coming.
Update 2:
BO confirmed 😄
The price is below SMA20, SMA50, daily pivot point, support/resistance tracker, and most importantly below the triangle formation. So we wait for a further downside move, then a rebound. The price will go back to retest 21.177 area, then we shall experience a further downside side.
If you missed the entry, wait for the rebound.
Lets make money dudes.
Follow my signals for free on MQL5
Day 3:- March 27, 2020
The 21.177 area have been retested, now the price is beginning to pull down. It seems like the bears will win big today. Hold your positions with tight stop just in case the price movement changes direction.
See you later today after the price movement.
Follow my signals for free on MQL5
Update 2:
Hi All,
Our plans seem to be working just fine. Entry signal 2 has been hit at 18.900, and we have scooped the profits.
Price rallied down to 18.796 just after retesting 21.177 area.
So far so good, this week have been successful. Overnight swaps is also another avenue for making some extra cash. So lets keep piling the cash from all angles :)
The set up for next week will be put in the next post.
As of now. This Trade is declared closed because we clearly made profits...
Thanks for being part of the history.
Update 2:
Hi All,
Our plans seem to be working just fine. Entry signal 2 has been hit at 18.900, and we have scooped the profits.
Price rallied down to 18.796 just after retesting 21.177 area.
So far so good, this week have been successful. Overnight swaps is also another avenue for making some extra cash. So lets keep piling the cash from all angles :)
The set up for next week will be put in the next post.
As of now. This Trade is declared closed because we clearly made profits...
Thanks for being part of the history.
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