Fxprotrader
Long

USOil: Watch For A Buy Setup At Slide Parallel

FX:USOIL   Crude Oil (WTI)
798 1 23
Price in oil             has has reached a slide parallel of an upsloping median line with active slope. At that level looking left we may see previous structure. That's a good level to watch for longs having in mind that we are already in an uptrend. In case we see price breaking below the parallel, structure changes and we start looking for sell opportunities.
Comment: Price broke below the parallel. A pullback into a corrective structure wil signal a sell off. Let's see what price will do in near future
Broke, but I would like to see a nice retrace prior it goes to re-test the lows
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