Oil(
USDBRO) rose more than +20% after the start of tensions between Iran and Israel on Friday. I hope this tension ends as soon as possible because tensions have no winners.
The behavior and price movements of oil will certainly depend on the increase or decrease of tensions in the Middle East, but for the coming hours we can have a technical view.
Oil is currently moving in the Resistance zone($78.70-$74.70) and near the Resistance lines and the Yearly Pivot Point.
In terms of Elliott Wave theory, it seems that Oil has completed the second five-impulse waves. So that wave 5 is Truncated.
I expect Oil to decline in the coming hours, this decline could be -7%.
Note: If the USA is added to the Middle East tensions, Oil prices could rise again, so pay more attention to capital management.
Note: Stop Loss: $79.00
Please respect each other's ideas and express them politely if you agree or disagree.
U.S. Dollar/ BRENT CRUDE OIL (USDBRO), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USDBRO) rose more than +20% after the start of tensions between Iran and Israel on Friday. I hope this tension ends as soon as possible because tensions have no winners.The behavior and price movements of oil will certainly depend on the increase or decrease of tensions in the Middle East, but for the coming hours we can have a technical view.
Oil is currently moving in the Resistance zone($78.70-$74.70) and near the Resistance lines and the Yearly Pivot Point.
In terms of Elliott Wave theory, it seems that Oil has completed the second five-impulse waves. So that wave 5 is Truncated.
I expect Oil to decline in the coming hours, this decline could be -7%.
Note: If the USA is added to the Middle East tensions, Oil prices could rise again, so pay more attention to capital management.
Note: Stop Loss: $79.00
Please respect each other's ideas and express them politely if you agree or disagree.
U.S. Dollar/ BRENT CRUDE OIL (USDBRO), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Сделка активна
Position was activatedЗаметка
Still aliveСделка закрыта: достигнута тейк-профит цена
I held the Short position and declared "Still Alive" 4 days ago
After the news of the ceasefire between Iran and Israel, oil showed the expected downward reaction.
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.