Could We See the USOIL Around the 54.90 or 55.90 Level ? 🚀🚀🚀

Although the pandemic is still spreading around and most of the economies are shut down the USOIL is still rallying without any fundamental explanation.

Technically, if we look at the graph, the black gold is respecting the Elliott Wave Structure by accomplishing the first four waves. Currently, We are in the fifth wave, where we expect the price to rally again towards the two next targets 54.90 & 55.90 levels.

💡 Trade Idea

📈 Buy Limit USOIL @ 53.80

🎯 Target Profit 1 54.90

🎯 Target Profit 2 55.90

🛑 Stop Loss 53.25

❌ Do not risk more than 1 % of your account on each trade

🙂 Good Luck !

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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️