Is it time to LONG again on USOIL?
Updated
Hi Guys,
We had a successful short on USOIL that just reached to its target,as you can see my last USOIL idea i had to bearish wedge on it that we are about to confirm first one but maybe it's soon to reach black line.here my last analyse :
In this stage i wan't to see death cross on EMA in 4H and weakness in support around blue line.If we don't see what we want we can long USOIL for another swing like blue arrow but if weakness show itself we will drop to black line indeed.look at chart in 4H:
We have little signs of bullish reversal in MACD 4H too but not much reliable.
Let's monitor market and find out what will happen,i suggest to move your stop down or add a tighter stop now.
Good Luck
We had a successful short on USOIL that just reached to its target,as you can see my last USOIL idea i had to bearish wedge on it that we are about to confirm first one but maybe it's soon to reach black line.here my last analyse :
In this stage i wan't to see death cross on EMA in 4H and weakness in support around blue line.If we don't see what we want we can long USOIL for another swing like blue arrow but if weakness show itself we will drop to black line indeed.look at chart in 4H:
We have little signs of bullish reversal in MACD 4H too but not much reliable.
Let's monitor market and find out what will happen,i suggest to move your stop down or add a tighter stop now.
Good Luck
Note
So it found a support and started to go up like blue arrow.So Long is answer
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