USOIL Can Go Ballistic If This Happens...
Traders, USOIL Can Go Ballistic If This Happens:
1. It is right now in an FCP zone which acted as resistance we found good short trades.
2. If this FCP zone is violated and the price action confirms it, we can look for upwards FCP zones that we found in the previous analysis.
3. The first FCP (Fibonacci Confluence Zone) is at good round number USD 70.
4. If expect a move down or some reaction to that zone to the downside
5. If that's broken, we are looking at 74-75 FCP zone.
Beware, this market is over stretched and can have large sudden corrections to the downside.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
1. It is right now in an FCP zone which acted as resistance we found good short trades.
2. If this FCP zone is violated and the price action confirms it, we can look for upwards FCP zones that we found in the previous analysis.
3. The first FCP (Fibonacci Confluence Zone) is at good round number USD 70.
4. If expect a move down or some reaction to that zone to the downside
5. If that's broken, we are looking at 74-75 FCP zone.
Beware, this market is over stretched and can have large sudden corrections to the downside.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
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