USOIL 42.27 - 1.09 % SHORT IDEA * ASCENDING TRIANGLE STRUCTURE

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

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***ENTRY** & SL - FOLLOW YOUR RULES

TP 1 - 42.22
TP 2 - 41.30

SL - 43.30
RISK-MANAGEMENT
PERIOD - SWING TRADE

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If this idea helps with your trading plan kindly leave a like definitely appreciate it.

Orden cancelada:

🔴 Broke Above changes the whole plan... Checkout an Update