hello everyone... USoil has started its bearish cycle... price unexpectedly jumped to 83, I think its a possible fakeout... price most likely will drop around 72-73 which is a main support... however price is still in a straight channel... the channel could break and price can fall to support trend line as indicated on the chart...
good luck
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Close to tp1 If tp1 breaks next support is around 71.32
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price needs to break 77. 9 for long position.... however price is overbought in 1hr tf.. price may pull back...if pull back below 74 support then next support 70-72 area
Trade active
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TP1 hit
price is still testing the current support
Trade closed: target reached
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the price reached the previous support level of 64-65 area... there is possibility of double bottom
but for now trade is closed for short position...
if swing happens then next target it can reach is 92.6