Usoilidea
USOIL long trade ideaPlan : resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
usoil entering the$20 region where a strong ressistance is readywith a Major rejection at the 786 level of the fib, we saw a nice bearish movement to the first -27 level. we have some room of 100 pips to hit the $20.00 region which aligns with the -618 level. from that level, we can expect some sideways movement and a bullish push. especially now when Trump made a deal with the OPEC for a production cut, and China who is slowly getting the factories ready for production. we can expect a higher demand for usoil which can push the price to the 30-35 $ region.
CRUDE OIL (WTI):HITS KEY HISTORICAL LEVELS (GO LONG)TITLE : BUY USOIL
ASSETS : COMMODITIE
SYMBOL : USOIL
ORDER TYPE : (EP1) MARKET ORDER
(EP2) LIMIT ORDER
TF : 6 MONTH
ENTRY PRICE 1: $20.86
ENTRY PRICE 2: $18.68
STOP LOSS : $16.71
TAKE PROFIT 1- $23.86
TAKE PROFIT 2- $28.68
TAKE PROFIT 3- $30.86
TAKE PROFIT 4- $34.68
TAKE PROFIT 5- $40.86
STATUS : ENTRY 1 active
USOIL: Possibility to Drop till $10 Thanks for Taking Interested in my Trading Idea.
USOIL: Possibility to Drop till $10
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Note: This is only for Educational purposes; this is not investment advice.
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OIL WAR, Will it End ?!Descending Channel coming to an end, Price has been respecting the channel twice, approaching for the 3rd touch to validate a Long term Buy Opportunity on OIL, again we wait for the market and its reactions.
Note : We are seeing it in the Monthly Time Frame, you might want to check lower Time Frames Before Jumping to a Trade.
Trade Safe.
#USOIL, Only if you like risk click on the above signal! True, this is a signal that goes against the current trend and therefore the risk is higher but the above support line $ 50.8 cannot be ignored.
The RSI has reached the bottom possible, a necessary price correction.
Stochastic shows that USOIL in Oversold.
Target: $ 54
In case of break of the above support line the signal is canceled.