Hello everyone i want share my idea about USOIL price action.
We have now some good bullish action, after touch to weekly resistance we saw some price correction, with my strategy it came to daily support and came into Fibonacci kill zone where we had good price reaction and saw some price rejection at the level.
Now we can wait good low at lower timeframe ( 30m 1h) and then open position because i think from here to weekly resistance will be one more time retest and then we can wait price reaction at the Weekly level.
Manage your risk!!!
We have now some good bullish action, after touch to weekly resistance we saw some price correction, with my strategy it came to daily support and came into Fibonacci kill zone where we had good price reaction and saw some price rejection at the level.
Now we can wait good low at lower timeframe ( 30m 1h) and then open position because i think from here to weekly resistance will be one more time retest and then we can wait price reaction at the Weekly level.
Manage your risk!!!
Trade active:
Position Type - Long
Open Position - 89.4
Stop Loss - 88.24
Take Profit - N/A ( i will follow the trend with trail stop loss)
Open Position - 89.4
Stop Loss - 88.24
Take Profit - N/A ( i will follow the trend with trail stop loss)