USDWTI
Oil pushed up flawlessly to our mapped our resistance. It is looking like a really good short and I am tempted, but oil hasn’t been moving normal recently so Im going to be extra patent with it and sit on my hands a bit longer.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade...
congratulations for those who have followed my USOIL sell signal a few days ago and have made a profit, here i give a further analysis for USOIL .. enjoy ;)
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if...
US OIL
After tapping previously anticipated level of resistance we started going sideway. Not much movement at all. I have said it multiple times, gold and oil move very violently and require even more patience. You really need to be certain in your analysis. So sitting on my hands for the time being.
In my previous analysis I mentioned watch the top for a possible short, So Price action tested the top of the expanding channel, tried breaking out but failed, leaving a double top here.
It has broken down the trend line so I am executing my shorts here.
Trade Safe!
TVC:USOIL
Time frame: 4 hours
Trade idea description:
Crude Oil have been trading in a multi-days expanding channel, so far it is just few points away testing the top of this channel.
Over all trend is bearish and market is in a corrective structure, momentum on higher time frames is bearish as well, so keeping bigger picture in mind, i am waiting for this...
In the name of Allah, the Most Gracious, the Most Merciful.
we are doing Analysis of USOIL in 4 hrs time frame as you can see on the chart market is following Ascending
channel pattern market has tested the Resistance line more chances is to market will follow our structure
which I have drawn on the chart.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT...
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !
NOTE : wait for the price to breakout the falling wedge structure, then you can buy dip for this setup
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do,...
USOIL - WTICRUDE - SELL
We set our orders at the 55.70-55.80 zone!
If sell limit will not work we can open pos. from the current price!
Target at the chart !!
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