Profitlio_Trading

USOIL Trade Setup with Ascending Channel

Short
TVC:USOIL   CFDs on WTI Crude Oil
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USOIL showed up some continued growth upto the resistance level held at $27 to $28 price level. Now the price showing up some rejection while it has created a very narrow and strong ascending channel which where it completed 5 impulses within the structure. Now Ill be waiting for a possible breakout to short the positions towards target around 50% fib level as highlighted. Sketch up your own trade setup before you take off. Good Luck!

Profitlio Trading ( Since 2014 in Financial Markets )
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