GOOD DAY EVERYONE
Here's an idea on the USOIL which closed at 37.01 looking at the monthly chart the oil just broke the 61.8 % fib testing resistance level 43. 27 where it was rejected and pushed down with the bears by almost 5% , currently trading at a significant level waiting to see a break of this level to see continuation with the bears targeting support level 35.24. fundamentally this move is highly possible and from higher time-frames the sentiment is fairly bearish so waiting for price to indicate and will be looking for entries on lower time-frames. hope this idea assists in any way on your trades on oil.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Here's an idea on the USOIL which closed at 37.01 looking at the monthly chart the oil just broke the 61.8 % fib testing resistance level 43. 27 where it was rejected and pushed down with the bears by almost 5% , currently trading at a significant level waiting to see a break of this level to see continuation with the bears targeting support level 35.24. fundamentally this move is highly possible and from higher time-frames the sentiment is fairly bearish so waiting for price to indicate and will be looking for entries on lower time-frames. hope this idea assists in any way on your trades on oil.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Ordine annullato
🔴 price pushed to the roof of the descending channel structure let's watch the price see if we'd see that push from that level as we see a momentum shift towards the bears.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.