USOIL is unable to push higher up. It has a weak foundation as support and we can expect it to drop further down below to find a good support before continuing its long term bullish trend, if still strong.
Leave your SL above the last high for enough space to move before the breakdown below.
Comentário
⋅
With the fib extension for placing your TP:
Comentário
⋅
I personally have closed this position as it could go for a high test. Will open it back on the next sell confirmation.
Comentário
⋅
This trade ended up in profit while Brent Crude oil tested its daily resistance one last time before breaking down.