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Usoilsignal

oil price developing in a parallel channel approaching the $42.0after the massive selloff from this week, we see that the price is approaching an important support level which is respected multiple times in history. all stocks and indexes are in deep red numbers and this includes oil too. on the other hand, we know that this selloff has also an end. from next week, we can expect some reversal signs. personally I expect some little more downside movement to hit the 42$ zone. watch for potential longs in the $42.00 zone
TVC:USOIL
by Financexclusive
USOIL broke the descending channel already!In the previously published idea, I shared that USOIL made a nosedive and attempting to recover from this loss and it made a double bottom on the daily chart. This week the asset has broken the downward channel as displayed in the attached chart. and it's riding the upward trend line. USOIL has also broken the recent strong resistance at $52.12 after testing it several times. It's likely to test this support again before continuing the bullish rally. Watch out for the $52.65 - $52.70 price range to be broken! Cheers!!
TVC:USOILLong
by TREND-KEY
USOIL long trade update on H2Note : In the previous analysis the setup went according to plan (link below!), this update is for those of you who want to re-entry, good luck ;) Plan : wait for the rejection / entry signal 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. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
TVC:USOILLong
by GWBFX
14
USOIL, a complex inverted H&S patterns began to appear!Plan : wait for pennant / key resistance breakout --> wait for prices to bounce off key support --> 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. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
TVC:USOILLong
by GWBFX
12