WTICOUSD increasing uptrend movement. The white rectangle in the figure shows the daily correction range for WTICOUSD. We follow a similar set of rules to the previous XAUUSD analysis. In the event that the exchange rate is successfully north of the white line at 51.30usd, a strong uptrend will follow. 1. In case the exchange rate breaks down this level, we wait for the lower level of the white rectangle (daily correction channel). 2.When this breaks, we begin to reduce risk. If these latter two scenarios are missed, we can prepare for a stronger upward trend.
Good afternoon , take into account Friday close , i must accept your red square edge on 21 , but my view is 25 , it is showing 21-25 extreme volatility and possible bounce from 44 area not from here , unfortunate, if not provide reversal 38 is on the card
meszaros
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@fatboy007, Thanks for the comment. May I ask why you see the turn at 44 usd?
fatboy007
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@meszaros, Timing Models are always critical and there is a chance of a further decline moving into February with the opposite trend thereafter into March
meszaros
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@fatboy007, I understand. I started the long position from 50 usd levels so I'm already profitable. But I also have the opportunity to let go of the profits, but by taking the break-even, I take the risk. You must not lose in this position. Maximum I won't win if the 44 usd target price is still met.
fatboy007
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@meszaros, Initial low is 21 and weep saw until 25
fatboy007
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@meszaros, i have check your analysis and your square line almost identical to my targets