Hello traders,
We have been thinking about selling oil for such a long time. It seems not about to satisfy us very soon since it made higher highs every time when hitting those supports zone and support bands of BB. It is now getting really close to the resistance red zone.
As you could see, price action for USOIL is that the sellers position are being squeezed and buyers are about to push price to make a new high up to 42.30 which is a new high in 2020.
Good luck on finding ur entry.
You could wait a pullback after price breaking through the resistance zone or just take a risk that you can stand by an entry lower than current position a little be with a reasonable RR .
LESS IS MORE!
We have been thinking about selling oil for such a long time. It seems not about to satisfy us very soon since it made higher highs every time when hitting those supports zone and support bands of BB. It is now getting really close to the resistance red zone.
As you could see, price action for USOIL is that the sellers position are being squeezed and buyers are about to push price to make a new high up to 42.30 which is a new high in 2020.
Good luck on finding ur entry.
You could wait a pullback after price breaking through the resistance zone or just take a risk that you can stand by an entry lower than current position a little be with a reasonable RR .
LESS IS MORE!
Trade closed: target reached