West Texas OilShort
WTI | Selloff Back to $68 w/USD/JPY Correlation
Since the last call on Oil we successfully hit the $77 target.
This next move is now looking to head back to $68 support based on the pivot moves within the current Descending Triangle pattern.
This is also another opportunity to take a back-to-back swing on
USDJPY
We got divergence on the forex pair acting like the 'price' and 'oil' acting like the indication
(Convergence/Divergence)
Oil moves first on the down move and usdjpy will follow through after it makes one more leg up.
This next move is now looking to head back to $68 support based on the pivot moves within the current Descending Triangle pattern.
This is also another opportunity to take a back-to-back swing on
USDJPYWe got divergence on the forex pair acting like the 'price' and 'oil' acting like the indication
(Convergence/Divergence)
Oil moves first on the down move and usdjpy will follow through after it makes one more leg up.
NathanAL
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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.
NathanAL
Publications connexes
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.