USOIL ( BREAKOUT LAST SUPPLY ZONE ) ( 4H )
Updated
USOIL
HELLO TRADERS
after breakout last supply zone , the price stabilizing up trading , on the Friday price can be breaking supply zone and starting a rising , currently it will be attempt to reach a next supply zone around 78.56 .
TARGET LEVEL :
HELLO TRADERS
after breakout last supply zone , the price stabilizing up trading , on the Friday price can be breaking supply zone and starting a rising , currently it will be attempt to reach a next supply zone around 78.56 .
- Tendency , after price breaking a supply zone , currently price is under upward pressure .
- Upward Zone : currently price trying to reach a resistance level (1) at 78.56 , possibly of the price retest a turning level at 76.37 before rising , breaking resistance level (1) with remain this level it continues the upward trend to touch resistance zone between 81.02 and 83.53 .
- Downward Zone: by breaking turning level with closing 4h candle below it , the price decline to reach support level (1) 74.76 , after remain below this level we see a downward trend to reach a regions 71.80 and 69.64 .
- CORRECTIVE : currently price it will be attempt for retest to reach a turning level at 76.37 before to see upward trend .
TARGET LEVEL :
- RESISTANCE LEVEL : 78.56 ,81.02 , 83.53 .
- SUPPORT LEVEL : 74.76, 71.80 , 69.64 .
Trade active
the price reached first target and +250pip profit .
know still continues the rising . to reach resistance level (2) at 81.02 .
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