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Showing posts with the label gap

Wti oil rally 300 pips

What was the news for such a rally? Crude oil opened on a gap from 50.50$ to 52.50$ then rallied another 100 pips to trade currently at 53.5$ area. The pair faces some resistance here? Any gap should be closed. Will the rally continue to 56.8$ ? What is the correlation between audusd and wti? Follow me to find answers for these questions and more throughout the day on my twitter account : @b4borio

EURUSD Still bearish on weekly basis

That will be the trade for month of June , Possible good correction for #eurusd from multi month high not seen since before Trump winning presidency. On Weekly chart , You can see the pair reversing from bearish trend line. So , it is good to go short at current level around 1.12$ with Stop loss on weekly close above the trend line. The target of the correction will be around 1.0930-1.10$.... And there is a gap not filled yet between 1.0720-1.0820$ , So it might be targeting to fill this gap.