Trade idea - USOIL Long

Updated
4H

Corrective approach towards entry zone.

-27 Fibonacci completion aligning with entry zone.

= Buy limit.

1.5% risk.
Note
MONTHLY

Trading around Monthly lows.

Double bottom pattern potentially in play.

Clear support & resistance zone is there.

snapshot
Note
DAILY

Bullish impulse / break of last LH: indication.

Inverse Head & Shoulders pattern: confirmation.

Clear support & resistance zone is there.

snapshot
Order cancelled
Limit removed.
Chart PatternsCommoditieslongsetupOilpatternsandstructurepriceactionSupply and DemandsupportandresistancezonesTrend AnalysisCrude Oil WTI

Disclaimer