USOIL 42.27 - 1.09 % SHORT IDEA * ASCENDING TRIANGLE STRUCTURE
Good Day Everyone
a look at the USOIL that just saw a rejection at resistance level 42.51 which has seen many touches looking to the left and currently just broke the 61.8 % Fibonacci on the monthly chart looking for a push down before continuation to the upside.
Coming down to the weekly and daily chart the energy is trading in a ascending triangle looking for a break below structure to trigger the trade should we see significant moves to the upside with the bull's or basically a break above of this structure the trading plan changes completely.
let's see how it goes
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
***ENTRY** & SL - FOLLOW YOUR RULES
TP 1 - 42.22
TP 2 - 41.30
SL - 43.30
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
a look at the USOIL that just saw a rejection at resistance level 42.51 which has seen many touches looking to the left and currently just broke the 61.8 % Fibonacci on the monthly chart looking for a push down before continuation to the upside.
Coming down to the weekly and daily chart the energy is trading in a ascending triangle looking for a break below structure to trigger the trade should we see significant moves to the upside with the bull's or basically a break above of this structure the trading plan changes completely.
let's see how it goes
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
***ENTRY** & SL - FOLLOW YOUR RULES
TP 1 - 42.22
TP 2 - 41.30
SL - 43.30
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
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