0812 4H retracement for USOIL before new direction
Hello traders,
USOIL has made up to test pressure zone on 4h chart.Still waiting for a confirming signal now as it is possible for USOIL to pull down for a correction, down to 64.40. 62.75 as a weekly support zone is also possible too.
If you are stong bias on bullish USOIL, you should wait for the end of correction to op buy again.
If you are strong bias on bearish USOIL on short term timeframe, you can wait for confirming signal on 4h chart to open sell to those support zone.
I would prefer a correction on 4H chart first.
Good luck!!
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
GOOD LUCK!!!
LESS IS MORE!
USOIL has made up to test pressure zone on 4h chart.Still waiting for a confirming signal now as it is possible for USOIL to pull down for a correction, down to 64.40. 62.75 as a weekly support zone is also possible too.
If you are stong bias on bullish USOIL, you should wait for the end of correction to op buy again.
If you are strong bias on bearish USOIL on short term timeframe, you can wait for confirming signal on 4h chart to open sell to those support zone.
I would prefer a correction on 4H chart first.
Good luck!!
RISK LOWER THAN YOUR TOLERANCE:
Suggested Risk <5%
Your Real Entry Position Will Make Different RR for Your Trade.
GOOD LUCK!!!
LESS IS MORE!
