What a Co-incidence This Two Wave's Inverse 1.618 EXT are at almost save level: 29.31-29.59 We know that some times a single 1.618 EXT is very powerful already. But now there are two! and at same level! I need to record this down and this might be a very good case-study for Inverse 1.618 trade set up. So if OIL can't break this level, a strong rally will turn up. Le'ts see.
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Trade what you see. Obviously Oil has break the 29.60 level, Therefore, No Entry yet.
Operación activa
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Trade Active by using Low Time Frame (1h) 2618 Trade Enter at 28.90
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the 2618 TRADE ALREADY win 100 pips FROM 28.90 to 29.90
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With the Weekly Closing at 32.20 confirmed that the 1.618 level at 29.60 is the pivot point!
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KayJay
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I think Oil will slip down to 27-26 level.... As the Iran sanctions lift off, Iran will surely pour their oil reserves in the global market
FXTrademate
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I remember someone saying, set-ups no matter how strong sometimes has to be ignored due to special events happening.
moorekapital
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PRICE ACTION is KING!. Where on this chart does it say buy??? Are we now doing Voodoo charting??? ;)
cesarhans
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Dude, it's going DOWN. Stop trying to find the bottom!
tntsunrise
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something interesting is happening. seems the bears can't break a lower low . if today can close above 29.60 , that's a signal for me.
guys let's wait.
blackjack2002jp
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nice.
Fibtree
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I'm already long from firday and was worrying about Iran deal ... but you give me hope :)
moorekapital
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still holding...?
moorekapital
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My conservative approach hasnt signalled a buy yet. I'll wait. ;)