Hello Everyone. i want share my idea about USOIL price action.
After strong up movement we saw some strong downside movement after touch to weekly resistance, this movement was so strong and it stopped to monthly support where price got good rejection and i think we saw some good reaction from that Level.
WE NEED TO BE CAREFULL!
The Weekly candle close below of daily resistance, if i will open my position i need movement which strong brake daily resistance with it i will get agree from buyers, then i will try to find good low for open my swing position which i will share in this idea update.
If we look it at daily chart price has good trend change signal but in my opinion it need to brake daily resistance and then i will open my position which i think we will see in next week.
BE PATIENT!!!
After strong up movement we saw some strong downside movement after touch to weekly resistance, this movement was so strong and it stopped to monthly support where price got good rejection and i think we saw some good reaction from that Level.
WE NEED TO BE CAREFULL!
The Weekly candle close below of daily resistance, if i will open my position i need movement which strong brake daily resistance with it i will get agree from buyers, then i will try to find good low for open my swing position which i will share in this idea update.
If we look it at daily chart price has good trend change signal but in my opinion it need to brake daily resistance and then i will open my position which i think we will see in next week.
BE PATIENT!!!
Trade active:
I am in in this trade!
My open position was 76.50>
after touch monthly support price movement looking cool at 4h and 1D chart
If price will make another low i will add my position at 77.50.
My open position was 76.50>
after touch monthly support price movement looking cool at 4h and 1D chart
If price will make another low i will add my position at 77.50.