Called this lovely long last week. I stated a drop in oil would come back towards $47 as this was major support and once this had happened we would carry on towards $50 which we have done perfectly. I am bearish on oil for the start of this year due to the continuation of COVID. I could see oil picking up in Q2/Q3.
I believe oil will start ranging for a while between $47.70 and $50.50 with spike into $51.50 before reversing back down to low 40s even touching high 30s.
My trades usually take around 7 days to come through as I don't aim for 10 pip trades, I aim for high profitability...320 pips caught in a day!
No mess on the charts. Plain, simple and effective. Of course I don't get every trade right that's why I post everything with nothing to hide...you can look back and see BTC did nothing in accordance with my analysis. It's important traders show the full picture to avoid toxicity and false presentation to new comers.
I believe oil will start ranging for a while between $47.70 and $50.50 with spike into $51.50 before reversing back down to low 40s even touching high 30s.
My trades usually take around 7 days to come through as I don't aim for 10 pip trades, I aim for high profitability...320 pips caught in a day!
No mess on the charts. Plain, simple and effective. Of course I don't get every trade right that's why I post everything with nothing to hide...you can look back and see BTC did nothing in accordance with my analysis. It's important traders show the full picture to avoid toxicity and false presentation to new comers.
