🔸Hey guys, today let's review the 2 hour chart for US oil . Any upside is
limited by strong overhead resistances, currently trading near range highs
so overall risk/reward shifting in bears favor.
🔸Strong resistances will cap upside at 72.00 usd / 72.50 usd. right now
locked in tight trading range, however expecting final pump to trigger overhead stop losses before reversal and subsequent sell off event.
🔸Recommended strategy for BEARS: wait for the final pump before short selling from strong overhead resistances at 72.00 and 72.50 SL fixes at 74.00 usd, TP1 bears is 68 usd TP2 bears is 66 usd. swing trade setup, patience required. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
limited by strong overhead resistances, currently trading near range highs
so overall risk/reward shifting in bears favor.
🔸Strong resistances will cap upside at 72.00 usd / 72.50 usd. right now
locked in tight trading range, however expecting final pump to trigger overhead stop losses before reversal and subsequent sell off event.
🔸Recommended strategy for BEARS: wait for the final pump before short selling from strong overhead resistances at 72.00 and 72.50 SL fixes at 74.00 usd, TP1 bears is 68 usd TP2 bears is 66 usd. swing trade setup, patience required. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
Note
Trade active
let's see if we can trigger overhead resistancein the next 24 hours or so
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💎Syndicate Black
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💎GOLD EA target 100%+ gains/week
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💎75% win rate free gold signals
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Related publications
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taplink.cc/black001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.