Good Day Everyone
a look at the USOIL that just saw a rejection at resistance level 42.51 which has seen many touches looking to the left and currently just broke the 61.8 % Fibonacci on the monthly chart looking for a push down before continuation to the upside.
Coming down to the weekly and daily chart the energy is trading in a ascending triangle looking for a break below structure to trigger the trade should we see significant moves to the upside with the bull's or basically a break above of this structure the trading plan changes completely.
let's see how it goes
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
***ENTRY** & SL - FOLLOW YOUR RULES
TP 1 - 42.22
TP 2 - 41.30
SL - 43.30
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
a look at the USOIL that just saw a rejection at resistance level 42.51 which has seen many touches looking to the left and currently just broke the 61.8 % Fibonacci on the monthly chart looking for a push down before continuation to the upside.
Coming down to the weekly and daily chart the energy is trading in a ascending triangle looking for a break below structure to trigger the trade should we see significant moves to the upside with the bull's or basically a break above of this structure the trading plan changes completely.
let's see how it goes
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
***ENTRY** & SL - FOLLOW YOUR RULES
TP 1 - 42.22
TP 2 - 41.30
SL - 43.30
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
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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.