USOIL
We've seen a bounce off the previous resistance level and it looks like the price is going to retrace down to the previous support. The oscillating indicators stay in the overbought area at this point and we have a hint of a bearish divergence on the MACD. All in all, a good probability for a short.
We've seen a bounce off the previous resistance level and it looks like the price is going to retrace down to the previous support. The oscillating indicators stay in the overbought area at this point and we have a hint of a bearish divergence on the MACD. All in all, a good probability for a short.
Trade closed: target reached:
Took profit on the dip