Trading setup for usoil (2016-08-09)
Updated
USOIL met a big resistance at upper line of the decline channel and was rejected back yesterday. It forms a nice short setup if it breaks down the sharp rising channel.
Good luck for everyone!
No confirmation, no trading!
Notes: if it breaks out of the decline channel, this setup will be invalid!
Good luck for everyone!
No confirmation, no trading!
Notes: if it breaks out of the decline channel, this setup will be invalid!
Comment
It seems that it got supported from the rising channel. This setup might be invalid. I will open long if it breaks out of the decline channel.Trade active
Double top formed.Comment
The double top neckline was broken. Nice progress!Trade closed manually
Choppy oil~~~Trade active
Comment
Triple top formed!Comment
Nice progress! The triple top neckline was broken!Comment
TP1 was touched! 41.8 was broken. I move the SL to 42.28.Comment
Half of position was closed. The remaining SL moved to 42.17.Trade closed: target reached
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