Fxprotrader
Short

USOIL: Key Zone To Watch For Shorts

FX:USOIL   Crude Oil (WTI)
1158 17 37
Price is rising in crude oil             and may soon reach a very strong resistance level where a 0.382 fib reatrcement, a slide parallel of a descending median line , and a previous structure consist a wall. At this level any sell setup completion is a go.

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Not sure if it will get there... There is a strong resistance area around 43.50 plus a divergence at 4H timeframe...
+1 Reply
captain_smollett PRO captain_smollett
4 months ago
snapshot
+1 Reply
Fxprotrader PRO captain_smollett
4 months ago
Can't disagree with that.. But if it reaches we may look for a sell.. Thanks for sharing your aanlysis ;)
+1 Reply
captain_smollett PRO Fxprotrader
4 months ago
Thank you too! =)
Reply
Dguaman captain_smollett
4 months ago
Nice chart Captain !
+1 Reply
captain_smollett PRO Dguaman
4 months ago
No problem. Still, I think the scenario that Fxprotrader set is perfectly valid and we can see 44.** soon
Reply
andrewcarlo
4 months ago
Thanks for the possible Trade setup
Reply
Fxprotrader PRO andrewcarlo
4 months ago
You are welcome mate :)
Reply
Dguaman
4 months ago
Some potencial September freeze from OPEC .. damn news...
Reply
tbuckle PRO
4 months ago
do you think we go a little higher than the current 42.85 for the sell at 43.87 or do you think we already put in the top today?
Reply
Fxprotrader PRO tbuckle
4 months ago
It's climbing and if it reaches that zone we should watch for sell setups
Reply
BrayanRush
4 months ago
what is the name indicator? MADC o AO and what is your configuration?
Excuse me, I new in forex and i saw that indicator usuing lot people.

Thanx, Sorry I'm form mexico, sorry for my english. haha
Reply
Fxprotrader PRO BrayanRush
4 months ago
It MACD 4C. I use the standard settings
Reply
BrayanRush Fxprotrader
4 months ago
Thanx forex is a big world.
Reply
tbuckle PRO
4 months ago
we couldn't get up far enough to reach your target box. do you think we still get there or just fall down from here at 42.65?
Reply
Fxprotrader PRO tbuckle
4 months ago
It's correcting so we may soon have another move up and will reach the zone
Reply
Dguaman
4 months ago
Can we sell now? thanks
Reply
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