USOIL is currently respecting a bearish trendline, tested 3 times as dynamic resistance. Price action shows a Break of Structure (BOS) on the lower timeframe, aligning with the overall bearish order flow. A Change of Character (CHOCH) is visible, signaling momentum shift to the downside.
The FVG (Fair Value Gap) above current price acts as a potential supply zone, while the top resistance aligns with liquidity pools. Market remains in a range before trending lower, suggesting that sellers are in control.
🔹 If price respects the bearish structure, further downside continuation is likely.
🔹 Watch the FVG and resistance zone for possible entries.
🔹 Risk management is essential as oil can be volatile.
The FVG (Fair Value Gap) above current price acts as a potential supply zone, while the top resistance aligns with liquidity pools. Market remains in a range before trending lower, suggesting that sellers are in control.
🔹 If price respects the bearish structure, further downside continuation is likely.
🔹 Watch the FVG and resistance zone for possible entries.
🔹 Risk management is essential as oil can be volatile.
Trade active
Trade has been active to the Bearish TrendTrade closed: target reached
see the chart. Target has been achieved successfully. Market respected the bearish trend.Forex | Gold | Crypto | Indices
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Forex | Gold | Crypto | Indices
Signals Across All Major Symbols
Real Trades • Risk-Managed Strategies • Market Insights
Join Telegram: t.me/RobertFXAssets
Signals Across All Major Symbols
Real Trades • Risk-Managed Strategies • Market Insights
Join Telegram: t.me/RobertFXAssets
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.