WTI Oil Signals Growth

5 September, 2016

WTI oil closed by white candle last Friday forming a gap in the clouds and touching broken descending channel, and 50% Fibonacci level extended along the last move. Let’s buy the pair at market opening and with the current prices:

As for the cross pair AUD/NZD, price has reached the 3rdВ point of the weekly ascending channel:

Price has formed a hammer in the daily chart, which is touching weekly uptrend, therefore let’s try to buy the pair with the current prices at market opening. At that, it is wise to hide Stop Loss behind the hammer’s handle (SL will give 50-60 points):


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