Currently both the daily and H4 making higher highs, higher lows with retests of structure. Also trading above 50 EMA. Would like to see a break and retest of 94700 with target at last daily resistance of 96100
Currently price on the H4 is making higher highs with higher lows as well as trading above the 50 EMA. This is a bullish sentiment. Would like to see if price can trade above 69900, breaking above, retesting, candle stick entry pattern of engulfing, pin bar or star pattern then continuing on to the next level of past structural resistance at 70700. If ...
Jumping right into it... I'm going to become more active with posting so that I may improve my trading. Brutal but constructive critiquing is more than welcomed. Any rate, I've never traded USOIL before but I thought to analyze and see what comes from it anyway. This is purely technical based. On the H1 it appears as though price is breaking beneath selling...