4H OIL: Thoughts and Analysis
Today's focus: USOUSD
Pattern – Continuation 4H
Support – 76.77
Resistance – 77.64 - 78.20
Hi, and thanks for checking out today's update. Today, we are looking at USOUSD on the 4H chart.
Today's video asks if USOUSD can continue to hold above support and start a new continuation backing in the last leg higher. We have reviewed price action and a few different scenarios in today's video.
Will we see a new short/medium uptrend develop on USOUSD, or could we see resistance rule out and price break lower, testing the support?
Good trading.
Pattern – Continuation 4H
Support – 76.77
Resistance – 77.64 - 78.20
Hi, and thanks for checking out today's update. Today, we are looking at USOUSD on the 4H chart.
Today's video asks if USOUSD can continue to hold above support and start a new continuation backing in the last leg higher. We have reviewed price action and a few different scenarios in today's video.
Will we see a new short/medium uptrend develop on USOUSD, or could we see resistance rule out and price break lower, testing the support?
Good trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.