USO USOIL CL1 OIL 4 Hour Analysis

Updated

I provide here a guide to how to short, when to long and where 4 hour bullish liquidity will be found, as well as no trade zone. 5DMA is safety so you need to wait for a not only rejection off buy channel (yellow) but also a failure below 5DMA in order to take a short. Long above $80 and wait for structure such as a retest of 4 hour sell channel for liquidty to develop. Bull IHS forming on the 4hour and right shoulder may be developing.

Note

What I mean no-trade I mean, don't take a long until the market presents a clear bounce out of the 4h bullish liquidity zone, and with retest preferable. Only short below 5 daily SMA. Hope that clarifies. Between 5DMA and liquidity zone , no trade.

Note

At this point longs should be activated

Trade closed manually

rook2pawn

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