Good Day Traders!
It seems that USOIL just made a DOUBLE TOP @ around 40.40 which signifies a possible REVERSAL in the TREND.
Another confirmation would be a breakthrough in its NECKLINE & the KEY LEVEL below it.
This has led a to a possible Reversal in the trend based on 3 solid confirmations.
Below would the positions that i'm going to follow up with based on the previous KEY LEVELS.
We're looking at...
Entry Price: 34.64
-
Stop Loss: 41.08
-
Take Profit 1: 28.00
Take Profit 2: 19.92 +-
Take Profit 3: 10.08 +-
Do cross review it yourselves and let me know your thoughts!
Every trade is a learning lesson, be it a Loss or a Win.
Good Luck Traders!
*DISCLAIMER, this is for Educational Purposes only and i do not hold responsible for any losses that you face. This is strictly my view on the charts.*
It seems that USOIL just made a DOUBLE TOP @ around 40.40 which signifies a possible REVERSAL in the TREND.
Another confirmation would be a breakthrough in its NECKLINE & the KEY LEVEL below it.
This has led a to a possible Reversal in the trend based on 3 solid confirmations.
Below would the positions that i'm going to follow up with based on the previous KEY LEVELS.
We're looking at...
Entry Price: 34.64
-
Stop Loss: 41.08
-
Take Profit 1: 28.00
Take Profit 2: 19.92 +-
Take Profit 3: 10.08 +-
Do cross review it yourselves and let me know your thoughts!
Every trade is a learning lesson, be it a Loss or a Win.
Good Luck Traders!
*DISCLAIMER, this is for Educational Purposes only and i do not hold responsible for any losses that you face. This is strictly my view on the charts.*
After the Supply gets cut off, the price will then be expected to rise once again.
So i would suggest to watch the Market & the News closely if you guys are planning to make any trades with USOIL