Shooting star formed in the hourly chart might be confirming a double-top formation in the weekly chart. Considering how this pair is near its 2018 high, DXY becoming overbought overall, and talks between Russia and Saudi Arabia to reduce oil production by December, I'm highly bearish for this pair.
Setting up short stop order with 1st TP @1.315 (100% fib level), and 2nd TP near 1.30 (weekly support). May or may not setup an SL depending on whether I decide to short this pair early (like after Gov Council Lane's speech in a few hours), or after US Durable Good Order and crude oil news tomorrow (hard SL will be at 1.34 at most).
cnbc.com/2018/11/20/oil-markets-opec-crude-supply-in-focus.html
Daily:
Weekly:
Confidence: A
Setting up short stop order with 1st TP @1.315 (100% fib level), and 2nd TP near 1.30 (weekly support). May or may not setup an SL depending on whether I decide to short this pair early (like after Gov Council Lane's speech in a few hours), or after US Durable Good Order and crude oil news tomorrow (hard SL will be at 1.34 at most).
cnbc.com/2018/11/20/oil-markets-opec-crude-supply-in-focus.html
Daily:
Weekly:
Confidence: A
手動結束交易
Locked in mini gains for now, most likely will sell again after US crude oil news on Wednesday.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。