Hello Everyone. i want share my idea about USOIL.
After big and strong uptrend we saw some trend reversal change which actually was correction of price. in this week price start perfect up movement which broke some resistances and then had good reaction at the levels.
Price action is upside it has strong downside movements but with it i think they are taking liquidity and filtering Traders, at all high timeframe price action is upside and i think it will for a long time.
Here is my setup for this trade.
Open Long position - 88.28
Stop Loss - 86.30
Take Profit - 93.72
In this setup here is perfect 1:3 reward ratio but if i will be right i will wait if oil will brake weekly resistance at 95.00 i will trail my stop loss and follow trend.
Be patient!!! Manage your risk!!! Make your own research!!!
After big and strong uptrend we saw some trend reversal change which actually was correction of price. in this week price start perfect up movement which broke some resistances and then had good reaction at the levels.
Price action is upside it has strong downside movements but with it i think they are taking liquidity and filtering Traders, at all high timeframe price action is upside and i think it will for a long time.
Here is my setup for this trade.
Open Long position - 88.28
Stop Loss - 86.30
Take Profit - 93.72
In this setup here is perfect 1:3 reward ratio but if i will be right i will wait if oil will brake weekly resistance at 95.00 i will trail my stop loss and follow trend.
Be patient!!! Manage your risk!!! Make your own research!!!