Short USDILS now | 23 February 2018

Brent weekly

 Technical observation

After weeks of rising, Brent  broke above a resistance zone( 62.35-60.65),it then retraced to the zone twice then continued up to a key resistance  line 70.16.Recently price was corrected to the  support zone but could not penetrate below it and got rejected and it went up with a green candle last week. This week’s candle is still showing signs of rising and I would advise you buy Brent now if you did not buy last week. I expect price to rise to 70.16 and even break up above for bullish movement towards 80.61.if there’s a clear breakout below (62.35-60.65) then that would be the best time to short Brent towards zone (45.33-43.34).

Trade signal

Buy Brent now with your take profit at 70.61 and stop loss at 57.91

Bitcoin weekly 

Technical observation

On the weekly chart above,Boitcoin broke below a key support zone (13310.76-12628.41) it then went down up to a key  line 6430.14 but could not break below it and got rejected ,currently Bitcoin is correcting  to (13310.76-12628.41) and I expect a possible  rejection of it at the zone for bearish movements towards 6430.14,my advice, wait for a pullback to the broken zone then short Bitcoin within or around it with your take profit at 6430.14 and stop loss at 14399.00.Right now on this chart only short positions looks ideal can only be advised around or within (13310.76-12638.41) in case there’s a clear breakout above this zone wait for a correction to it before you buy Bitcoin.

Trade signal

Wait for a correction to (13310.76-12638.41) then sell Bitcoin with your take profit at 6430.14 and stop loss at 14399.00.

USDILS weekly

 Technical observation

Recently USDILS went below a  support zone with a big red candle, it then retraced thrice to the zone(3.5479-3.5333) before  declining steadily up to a key line 3.3865,USDISL got rejected at the key line and was corrected to the resistance zone(3.5479-3.5333) with last week’s candle closing within it.Right now USDILS is within the zone and it is the right time to sell it.my advice, Short USDILS now with your take profit at 3.3865 and stop loss  around  3.5793.Buy positions can only be advised after a clear breakout above (3.5479-3.5333) and a retracement to it.

Trade signal

Short USDILS now with your take profit at 3.3865 and stop loss around 3.5793