USOIL-bias long
Updated
Bullish indications:
Inverted head and shoulder pattern break out.
Resistance broken at 78.96
Major support respected at 76.85
Bullish divergence in 4 hr time frame
Double bottom formation in day time frame
Fib level 0.5 respected from the bottom rally in day time frame.
Trade plan bias long @ 79.17
SL:78.16
TP1:80.30
TP2:81.26
Inverted head and shoulder pattern break out.
Resistance broken at 78.96
Major support respected at 76.85
Bullish divergence in 4 hr time frame
Double bottom formation in day time frame
Fib level 0.5 respected from the bottom rally in day time frame.
Trade plan bias long @ 79.17
SL:78.16
TP1:80.30
TP2:81.26
Trade closed manually
Closing the trade as i am seeing reversal bearish movement .
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