Hello traders,
USOIL has a broken trend line which seems still good to reject price rising more.
But the new channel's upper band is still possible for WTI to retest before dropping.
So here are two plans for USOIL:
A
Plan to buy on lower timeframe chart on the assumption that price will continue to rise till hitting upper band and resistance zone, like 70.00. And look for new entry signal to sell up there.
B
Plan to see on lowertime frame chart on the assumption that price hitting the broken trend line will be rejected again to make a double test of the bottom, like 62.00.
Good luck on finding ur confirming signal.
LESS IS MORE!
USOIL has a broken trend line which seems still good to reject price rising more.
But the new channel's upper band is still possible for WTI to retest before dropping.
So here are two plans for USOIL:
A
Plan to buy on lower timeframe chart on the assumption that price will continue to rise till hitting upper band and resistance zone, like 70.00. And look for new entry signal to sell up there.
B
Plan to see on lowertime frame chart on the assumption that price hitting the broken trend line will be rejected again to make a double test of the bottom, like 62.00.
Good luck on finding ur confirming signal.
LESS IS MORE!
