Oil Update

WTI Crude oil moved decisively lower yesterday, as price failed to breach 104.45 main resistance level, to retreat breaking the rising trend line for the latest bullish wave, and the near term main horizontal support at 103.50 and that warns that the price has topped for the short term, and could probably correct further, where we expect a test of 102.00 levels.

Support: 102.75, 102.30, 101.65, 101.15, 100.80
Resistance: 103.00, 103.50, 104.00, 104.45, 105.20

Recommendation Short below 103.50, targets at 102.75 and 102.30. Stop loss above 104.30

Oil Update

WTI Crude oil fluctuated heavily yesterday, forming a major long lower shadow, as price was rejected after testing the broken descending resistance shown on the daily chart above, however price should take 104.50 resistance level to confirm a move higher towards the major swing high at 105.20. Overall, the bullish breakout above the descending resistance favors further upside for crude oil, targeting 105.20.

Support: 104.00, 103.40, 103.25, 102.65, 102.00

Resistance: 104.70, 105.20, 105.95, 107.10, 108.00

Recommendation Based on the above, buy WTI oil futures above 103.40 targeting 105.20 and stop-loss below 102.60

Oil Market Update

The price is still trading positively after retesting the previously breached resistance level and is turning to support now at 103.40 showing on graph above, as the price needs to stabilize above this level to extend the bullish bias in the upcoming period. The price is still getting good support from SMA 50 and 100 strengthening the opportunities of targeting 105.20 levels then a breaching attempt to extend gains towards 107.35.

Support: 104.00, 103.40, 103.25, 102.65, 102.00
Resistance: 104.70, 105.20, 105.95, 107.10, 108.00

Recommendation Based on the above, buy WTI oil futures above 103.40 targeting 105.20 and stop-loss below 102.60

USDCAD short position

Today, the USD made a small rally against the 2 month Beairsh trend on the USD/CAD.

The 40 pip rally puts the USD/CAD in perfect position to short off our recent trend line with a high Reward/Risk ratio.

This USD/CAD trade is a similar situation. By being aggressive and shorting at today’s close, we could enter with a 20 to 30 pip stop and target 80 pips or even a recent daily level 180 pips away.


The stop placement is very subjective in this case. I’d recommend 15 to 20 pips above last week’s high (May 13).

As I said, this is not an extremely high probability trade because the market can easily shake us out of the trade; however with the R/R on the table, I think the risk makes sense.

Let me know what you think.

Look out for gbp/usd

Big Trends Equal Big Profits:

The reason that we love trends here at Learn Where to Invest is because a structured trend continues to give us high probability trades over and over again.

The entire pattern of the trend is what our Favorite Strategy is built around.

And Maybe…Just MAYBE, the USD is starting to build one of those trends that we can take advantage of.. And if we do, that means big profits and huge growth in our trading accounts. And isn’t that what it’s all about?

If you take a look at the past few days of analysis, it will demonstrate all the trades that are in play now.

Today, I’ll just update you on 2 that we’re still waiting on.

GBP/USD

Everything is confirmed and looking great on the GBP vs the Dollar.. Just a matter of waiting for the break and setting up your trade.’

NZD/USD

Rather than a typical flag pattern, the NZD/USD has reversed a fair margin back to the downside. This creates a better profit opportunity for us, but also makes the entry a bit more difficult.

In this situation, I’d be extra patient. Wait for this currency pair to settle down and then make a clear move back to the upside. Once it does this, we can enter with a target of the recent high which should be a high probability move with the powerful trend behind us.

That’s it for today’s update. Let me know if you have thoughts, comments or questions

Aud/usd offers a massive target potential

As you may have noticed, the USD/CAD has followed through exactly as we’d hoped. For a pair that doesn’t tend to move a whole lot, this thing looks like it just got dropped from a plane 30,000 feet up:


I got slightly more aggressive with my entry due to the beautiful test and continuation that we got just after I posted my article, but the entry was just a few pips different and of no major consequence.

You may also notice that I have already moved my stop to reduce risk. At this point, there is no sense leaving my stop all the way at the top of the channel since we have clear confirmation that Bearish continuation has occurred.

In other words, the only way price is going back through the channel at this point is on a legitimate reversal and I don’t want to be in the trade if that happens anyway.

*Note that I did not move my stop to break-even. A common error is that traders move their stop to break-even when there is no technical reason to do so. Instead, move your stop to a place where it is hiding behind a level of support or resistance so it’s not a sitting duck for the market.

My Target is still a long ways off as mentioned in my last article, but I will be trailing the stop at new highs/lows as the trade progresses… So are YOU in this trade? Let me know.

That’s it for the update on the USD/CAD … Now to the OPPORTUNITY TRADE.

AUD/USD: Daily Strike (HUGE Target)

The AUD/USD has been consistently moving upward for 700 pips year to date. Each pull back brings a new high so far.



Not only do we have a consistent trend building that we can look to jump on (not too early, not too late) but the BEST part of this trade idea is that it is moving right back toward last year’s high which is about 400 pips away.
That means we can enter now on the DAILY STRIKE:


But rather than just targeting the most recent high in the uptrend, we can set our eyes on the 2013 High:


In order to take advantage of the 400 Pips available, I will be setting a Pending Buy Order and hoping for a retrace or centering of this powerful Daily Bar. That way, I can join in at a better price and get the optimal Risk to Reward ratio:


Of course, there is the chance that we won’t be able to get into this trade due to a pending order. But if we are able to get into the trade, I feel that the USD weakness has a high probability of showing continuation and getting us into profit. A full profit should be about a 4:1 R/R as well!
For me, this trade is worth the Risk.

usdcad LOOKS BEARISH

The USD/CAD was in a powerful uptrend for a significant period of time…


But recently, the USD/CAD has shown signs of possibly turning to the downside…


Because there is SO much room to the downside caused by the uptrend…


It makes sense to zoom in and look for Bearish Entries…


On the 1 Hour Chart, there is a nice looking bear flag that we could take advantage of…


An entry would make sense if it breaks below the recent low…


Once again, a large target can be used because of the space created by the Uptrend…


And that’s how I’d trade the USD/CAD Bear Flag