USOIL Trade Setup: Watching for a Bullish Break After Pullback

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๐Ÿ“ˆ US OIL Trade Plan

Currently, USOIL is in a strong bullish trend ๐Ÿ”ฅ โ€” price action has pushed into overextended territory, which opens the door for a potential pullback ๐ŸŒ€.

I'm watching for a WTI retracement into equilibrium, ideally aligning with the 50%โ€“61.8% Fibonacci levels from the previous swing low to high ๐Ÿ”๐Ÿ“‰. If price corrects into that zone and we find support, followed by a bullish break in market structure ๐Ÿ’ฅ โ€” that would be the confirmation Iโ€™m waiting for to consider a long position ๐Ÿš€.

โš ๏ธ Key Level to Watch: That structure break is the trigger โ€” no confirmation, no trade ๐Ÿง .

โš ๏ธ Disclaimer:
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