USOIL - 4h Chart - Short Idea

Overview
USOil broke out of this Resistence area (Green Line)
If price should go back under it again i will look for price structure like shown (orange line) and will enter a short.

Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)

Please consider:
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.

Thanks for reading!
trader_se

ความคิดเห็น:

Price went back under the Resistence line. Lets see if the price moves as drawn in the chart.

ความคิดเห็น:

Price went again over the Resistence line.I want to see the movement (orange line) before entering. As long price stays above the green line i wont short as to me it might go far higher till it goes back under the green line.

ความคิดเห็น:

USOil price managed to stay above the Resistance area (lower green line). Unless it goes back under it i dont plan short anytime soon.