Potential Shark Forming 🦈🦈

USOIL - Potential swing down to the weekly support line covering off all imbalance etc before the bulls continue, (This move will keep price in bullish structure).

I'm seeing a bearish channel forming on the hourly and price location lines up with good confluence for a potential swing down to those levels, we also have multiple BOS.

I do have 2 better entries above the trapped liquidity but I'm not sure if price will break this line yet, if so I'll take the loss and re-enter with confirmation.

Let me know your thoughts!

** Disclaimer ***

These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.