usoil h4 xabcd short from resistance target 68 usd
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🔸Today let's review the 8 hour chart for US oil . Noteworthy bounce in progress
after accumulation near lows, however currently getting overbought, we are
closing in on a cluster of stop losses / heavy overhead resistance.
🔸XABCD structure is defined by point X at 70 usd, point A at 78 usd, point
B at 72 usd, point C at 79 usd, point D at 68 usd. speculative XABCD setup.
🔸Recommended strategy for BEARS: bulls will likely trigger clusters of overhead
stop losses near 78 usd and 79 usd, look for reversal / rejection near 79 usd
and short sell, SL at 82 usd, TP1 is 72 usd, TP2 / final exit at point D / 68 usd.
swing trader 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.
after accumulation near lows, however currently getting overbought, we are
closing in on a cluster of stop losses / heavy overhead resistance.
🔸XABCD structure is defined by point X at 70 usd, point A at 78 usd, point
B at 72 usd, point C at 79 usd, point D at 68 usd. speculative XABCD setup.
🔸Recommended strategy for BEARS: bulls will likely trigger clusters of overhead
stop losses near 78 usd and 79 usd, look for reversal / rejection near 79 usd
and short sell, SL at 82 usd, TP1 is 72 usd, TP2 / final exit at point D / 68 usd.
swing trader 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.
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🔥primary telegram channel
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🚀75%+ win rate free gold signals
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