usoil

what i find interesting here is that seeing this chart from a wider perspective in the monthly is that it actually got to a very strong area which has been rejecting for a long time based on the weekly and daily i would expect sells in the long term however getting a bit closer i think the price will need to make a pullbak which would lead back to the 50-52.5 zone here i woul find an interesting zone for sells but it all depends in the structure it shows in the 4-2 hours time frame and how it rejects the current zone

Trade closed: target reached:

tp 1 reached
it already hitted my first tp which i consider a pullback right now all that is left is to wait for the main movement. ill be expecting it to start making a bearish structure in its current area or maybe go a bit higher and reach the key zone a sublighted

Trade active:

as mentioned before i was expecting a main bearish movement i took it already (tigh risk ) since there are still chances of the price reaching a higher zone