The direction of USOIL
is not clear, 4H the price is close to uptrend line, from the point of view of RSI
under of 50, it is very likely to break the trend line
, so we have two strategies.
Strategy 1: break the trend like, short it, SL 47, TP 44.5@ the under trend line
Strategy 2: Non breaking trend line
, thers is a BAT pattern
in day timeframe, TP 57.00