Watch this level on USOIL for poss long set up...
Daily: Prices below Kijun and above Tenkan. So near term resistance is 38.80 and this is where 200 sma is on 4H. After that next resistance is around 39.87. Daily is bearish but we might see HA osc bullish cross near 0.
4H: Once chikou clears past candles, we can have clear momentum to upside for move higher. Because it is counter trend trade, trade smaller size and use stop . Risk reward point of view is not the greatest as we are going to face direct resistance of kijun and 200 sma but it has potential higher if that is broken.
4H: Once chikou clears past candles, we can have clear momentum to upside for move higher. Because it is counter trend trade, trade smaller size and use stop . Risk reward point of view is not the greatest as we are going to face direct resistance of kijun and 200 sma but it has potential higher if that is broken.