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Pin Bar at 50% Fibonacci Retracement and Resistance Level

CFDs on WTI Crude Oil (TVC:USOIL)  
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TVC:USOIL   CFDs on WTI Crude Oil
Support and Resistance Moving Averages Crude Oil WTI Pin Bar pinbarsetup exponentialmovingaverage
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supportandresistance movingaverage usoil pinbar pinbarsetup exponentialmovingaverage
In the USOIL Market, the ideal entry was to enter at 70.55 and 70.54 price area. This zone area is where horizontal resistance level overlaps with 50% Fibonacci Retracement Level. Also USOIL was in the downtrend. EMA 10 is below EMA 20 which indicates a downtrend.

Horizontal Resistance Level had a minimum of three touches.
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