siya_south

USOIL LONG SETUP

Long
TVC:USOIL   CFDs on WTI Crude Oil
I hope we this does not cause analysis paralysis... I have found multiple reason and Technical setups of why USOIL should rally... on the daily chart we can see from the major resistance the market rallied and found a strong mid resistance which sent price right back to retest the major support and a double bottom scenario is formed...we can also see a hammer candle stick formation which shows the willing buyers going in...this analysis is purely technical based and no fundamental factors are considered
entry rules ...enter on buy zones through counter trendline break on the 1H TF
peace

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