Hello everyone this is my idea for Usoil on daily time frame
all details are on chart but I will discuss our plan below .. on what we should do
we just need to keep it simple and control our emotion .. we are traders ... no bias just trading what market give us
Nothing much to do ..
We remain buyers as long as lower line of the uptrend channel hold
to target higher line of the channel
a break of this channel we can head higher or lower
for bulls focus on red and blue line
for bears focus on bear of the uptrend channel
Good luck for any question feel free to ask :)
all details are on chart but I will discuss our plan below .. on what we should do
we just need to keep it simple and control our emotion .. we are traders ... no bias just trading what market give us
Nothing much to do ..
We remain buyers as long as lower line of the uptrend channel hold
to target higher line of the channel
a break of this channel we can head higher or lower
for bulls focus on red and blue line
for bears focus on bear of the uptrend channel
Good luck for any question feel free to ask :)
we had a close below the channel for two reasons :
Lockdown in europe ( germany )
USA elections which is volatile ..
all this fundamentals resulted a fake breakout