If the breakout is indeed false, we will go short and take profit at 1.09693. Also, at that point (1.09693) we will look for bullish reversals to go long and take profit around 1.12141 (as indicated on the chart).
A pullback on US OIL can be expected before the drop continues until the yellow line.
Look for reversal confirmations inside the yellow rectangle and take profit as indicated on the chart.
Look for bearish reversal candles at the resistance and go short (take profit at the support).
We buy the pair at the current support (provided we get a bullish confirmation candle/s) and our first tp is at 1.14947 then our second tp is at 1.19382. Ideal points to place your stop loss: 1.10273 1.09800 Apply risk management and happy trading :)
The pair is about to complete the head and shoulder pattern... So we look to buy at the support-trendline till the 78.909 level. With 78.909 as our TP, our SL should be at 74.960 / 74.600. Look for reversal candles before jumping in and apply risk management :)