HELLO FRIENDS!!
As I can see USOIL is now trading above the uptrend line and it will be more bullish because of Asian Demand and War in Middle East Technically also it showing us clear view that it is holding above the support level and trading in bullish trend after a small reversal we expecting more buys in USOIL Trade As you can see our pervious entry on USOIL...
Respected followers, USOIL rejected its support level many times since last week. In this case we can assume that USOIL will go up from the current market price to defined price on chart. Reward ratio is too much big 1:10.
In daily Candle USOIL LOOK Like going to downside
but in 4 hour it create continue pattern ( triangle )
if break this triangle this going to up ,,
stop loss below 51.60 buy at traingle breakout and tp is 54
Trade with care and happy trading
Good luck
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