USOil/WTI
Updated
hello everyone... USoil has started its bearish cycle... price unexpectedly jumped to 83, I think its a possible fakeout...
price most likely will drop around 72-73 which is a main support... however price is still in a straight channel... the channel could break and
price can fall to support trend line as indicated on the chart...
good luck
price most likely will drop around 72-73 which is a main support... however price is still in a straight channel... the channel could break and
price can fall to support trend line as indicated on the chart...
good luck
Note
Close to tp1 If tp1 breaks next support is around 71.32
Note
price needs to break 77. 9 for long position....however price is overbought in 1hr tf.. price may pull back...if pull back below 74 support then next support 70-72 area
Trade active
TP1 hitprice is still testing the current support
Trade closed: target reached
the price reached the previous support level of 64-65 area... there is possibility of double bottom
but for now trade is closed for short position...
if swing happens then next target it can reach is 92.6
congrats to all who profit from this analysis
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