FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD bears maintain upper hand 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD eases despite better-than-expected UK GDP growth data 
FxWirePro: NZD/USD slips as geopolitical and domestic political risks weigh 
FxWirePro: USD/ZAR eyes downside as dollar eases after US CPI data 
FxWirePro: GBP/USD could target 1.3400 as selling pressure builds 
JPY Majors Alert: NZDJPY Crashes to 92.81 Low as Brutal Bearish Momentum Explodes – Sell Rallies to 91.80 
Major Crypto Pair Crypto Score: BNBUSD Extremely Bullish at 100, Dominating as XRPUSD Turn Deeply Bearish 
JPY Majors Currency Score (15 min): NZDJPY Crashes to Extreme Bearish -100, CHFJPY Turns Sharply Bearish 
Nikkei Blasts Past 67K: AI Chip Frenzy Ignites 9% Surge From Yen Intervention Bottom 
FxWirePro: USD/CAD firms slightly, but downward resumption looks likely 
FxWirePro: USD/JPY steadies around 159.30, bias bullish 
FxWirePro- Woodies pivot (Major) 
Buy the Dip? AUDJPY Holds Trendline Support Near 112 
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After massive 10 week decline oil has posed overwhelming comeback in the last two days of the previous week, where price jumped as much as much as 18%.
Though most of the Bull Run can be attributed to short covering, we expect further covering of shorts given extreme sentiment and position.
WTI is likely to go for larger correction, even if price dips further.
Trade idea -
- Buy WTI at current price of $45/barrel, with stop around $40-38/barrel and with initial target around $53/barrel.
As of now risk reward might not seem favorable to this trade, but we expect oil to trade much higher and it is an opportunity to buy at this price.
