Recent Posts

Trade Idea: Buying Oil/WTI ($10 move or 1,000 pips!)

Happy Moneyday to you all!

Today is is going to be a super good day (especially if this trade idea starts working out already from this Monday).

This post will be short and direct, I am buying Oil and Oil related currencies such as CAD, NOK, RUB and MXN.

So lets jump into this trade idea right away and waste no more time because this setup on WTI is probably going to be the best trade idea of quarter 2.

WTI / OIL Daily Chart

So, Oil has been on a strong bullish run for most of the year, if you take a look at the weekly or monthly Oil/wti chart you will find the almighty Head and Shoulders pattern, which I believe will continue to push Oil and Oil related currencies higher for the rest of the year.

Anyhow, looking at the daily chart I see 2 reasons to buy this trade idea, and they are very good reasons.

  1. The first reason is the powerful support trendline which has held well, very well infact, for 3 times already.

  2. The second reason this is an excellent trade setup is the 30% Reversal. You can learn more about this tool in a video I released last week, just click here to watch it.

No keep in mind, there is a lot of fuss going on (even from Twitter King Donald Trump) about the upcoming OPEC meeting, which will be held on the 22nd of June this month.

We need to be a little careful when trading Oil due to this, as by just googling OPEC meeting you will find a ton of negative headlines.

Anyway, this is all I have for now on this WTI/Oil trade idea, I will leave an update in the comments or release a trade recap video once I am done with this trade idea.

Enjoy the rest of the week ladies and gents, I know I WILL!

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Stay Connected

  • Black Facebook Icon
  • Black Twitter Icon
  • Black Instagram Icon
  • Black YouTube Icon

Member of Double D Ventures


Disclaimer: Any Advice or information on this website is general advice only. It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided by PipsMatter, or anyone associated with PipsMatter.


High-Risk Warning: Online trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of trading in forex, futures, commodities, cryptocurrencies, shares, and options and be willing to accept them in order to trade in these markets.


Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade or invest with borrowed money or money you cannot afford to lose.


Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.


Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

© 2016-2019

© PipsMatter Copyright