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Traders,
We have a long trade on OIL since last Friday ( OPEC DAY) close this Asia morning with 460 pips( 66-70.6).
It looks a little be early to close?
Perhaps!
We just want to be a coward when others want to be bravers.
The top blue position is a dangerous zone for buyers thats why we want to keep our profit safe first by closing the trade.
One such chart, we found only resistance and support structure technique is making sense. The blue wave is more reasonable for oil to go on based on a strong dollor times. The golden one is just a weak possibility to go.
Less is more!
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We could have all our targets hit in the end. Out final one is 71. But we closed it manually early at 70.6.
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Meaning we still dont see a bear sign on USOIL on 4h chart now. So could not sell it yet.
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I did not expect USOIL to go this high, almost 72 now.
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Still not ready for sellers. Pls hold .
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Still no sign for bear yet.
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Even though I really want to see a big reverse V for oil, I still do not enter a short trade yet based on 4h or 1h chart. TOO RISKY.
Now is 73 for crude oil. Really sorry for my last long trade.
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We have the blue resistance zone not valid anymore!
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The weak possibility now is becoming real. ( GOLDEN WAVE)
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Hello guys, looks like Crude oil is going this way.