Trading setup for usoil (2016-08-09)

USOIL met a big resistance at upper line of the decline channel and was rejected back yesterday. It forms a nice short setup if it breaks down the sharp rising channel.

Good luck for everyone!

No confirmation, no trading!

Notes: if it breaks out of the decline channel, this setup will be invalid!

Commento:

It seems that it got supported from the rising channel. This setup might be invalid. I will open long if it breaks out of the decline channel.

Trade attivo:

Double top formed.

Commento:

The double top neckline was broken. Nice progress!

Trade chiuso manualmente:

Choppy oil~~~

Trade attivo

Commento:

Triple top formed!

Commento:

Nice progress! The triple top neckline was broken!

Commento:

TP1 was touched! 41.8 was broken. I move the SL to 42.28.

Commento:

Half of position was closed. The remaining SL moved to 42.17.

Trade chiuso: obiettivo raggiunto