USOIL: Likely a top by now...
The same pattern is visible in 
DXY and all major pairs, as well as in SPY. The recent bullish trends we had are peaking, and already show a reaction right after FOMC.
I would assume oil will go back down, retracing at least half of the surge from $0...
Entering shorts near resistance here might pay off, or at the very least, being aware of this trend to trade pairs that are correlated to oil like
USDCAD and 
USDNOK, or 
USDMXN, or simply shorting some energy stocks.
Keep an eye on it here, if the high holds, it's likely to fall from here for a while.
Cheers,
Ivan Labrie.
DXY and all major pairs, as well as in SPY. The recent bullish trends we had are peaking, and already show a reaction right after FOMC.I would assume oil will go back down, retracing at least half of the surge from $0...
Entering shorts near resistance here might pay off, or at the very least, being aware of this trend to trade pairs that are correlated to oil like
USDCAD and USDNOK, or USDMXN, or simply shorting some energy stocks.Keep an eye on it here, if the high holds, it's likely to fall from here for a while.
Cheers,
Ivan Labrie.
Trade fermée manuellement
With the bullish news that came out, odds of this being a top dropped substantially. Perhaps there's one more up swing in play.
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🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.