Hey traders,
WTI crude oil is steadily growing within a rising parallel channel.
The price is coiling around its resistance for the last two weeks.
Analyzing the reaction of the price to that structure, I spotted a peculiar horizontal range on 4H.
116.6 - 118.0 is its support.
Wait for its bearish breakout as your trigger to sell.
Then a bearish continuation will be expected to 112.4
If the price breaks the resistance of the range, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Comment:
Check my new idea on GBPUSD:
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅