I am anticipating a short position on USOIL, following the current trend, as the market price is at a resistance level on the daily chart. Upon examining the 1-hour chart, I observed a head and shoulders pattern with the neckline recently experiencing a breakout. I am now waiting for a retest before entering the trade.
Entry 78.09
Stop loss 80.04
Target 75.07
Entry 78.09
Stop loss 80.04
Target 75.07