📉 After a significant bearish move from the recent high, USOIL is trading within a well-defined descending channel pattern.
🔍 Key observations:
Price has printed a lower low into a weak low area, showing signs of seller exhaustion.
A potential reversal pattern is forming at channel support.
MACD shows bullish momentum divergence, hinting at a short-term reversal.
Targeting the supply zone near 66.99, aligning with the previous low high and key structure zone.
🟢 Trade Idea:
Looking for bullish confirmation to trigger a long setup.
Target: 66.99 (near upper channel boundary and previous structure)
Manage risk carefully with a stop below the recent low.
⚠️ Disclaimer: This is a technical analysis-based idea, not financial advice. Always do your own research and manage risk accordingly.
🔍 Key observations:
Price has printed a lower low into a weak low area, showing signs of seller exhaustion.
A potential reversal pattern is forming at channel support.
MACD shows bullish momentum divergence, hinting at a short-term reversal.
Targeting the supply zone near 66.99, aligning with the previous low high and key structure zone.
🟢 Trade Idea:
Looking for bullish confirmation to trigger a long setup.
Target: 66.99 (near upper channel boundary and previous structure)
Manage risk carefully with a stop below the recent low.
⚠️ Disclaimer: This is a technical analysis-based idea, not financial advice. Always do your own research and manage risk accordingly.
Trade active
TRADE has been activate; RISK mange has properly
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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.
$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn & Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
📬 Join Free Channel:
t.me/profitmagnetpro12
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.