Usoil Trend continuation?
Good morning traders.
This is my price action analysis on Usoil 4 hr chart for a possible long trend continuation entry. Currently price is consolidating around August 2018 low swing point. I had expected some overhead resistance at this level so i will be watching and waiting for price to reach my structure circle and provide me with an entry candlestick pattern. I will only be considering this setup if price does stall at my marked zone and gives me my entry reasoning. Remember while trying to use trend continuation trades i prefer to not just set limit orders and wait because price could push past zone with no entry reasoning so be patient and follow your trade plan rules and reasons for trading!
Enjoy!
Trade smart and always for tomorrow! Cheers.
This is my price action analysis on Usoil 4 hr chart for a possible long trend continuation entry. Currently price is consolidating around August 2018 low swing point. I had expected some overhead resistance at this level so i will be watching and waiting for price to reach my structure circle and provide me with an entry candlestick pattern. I will only be considering this setup if price does stall at my marked zone and gives me my entry reasoning. Remember while trying to use trend continuation trades i prefer to not just set limit orders and wait because price could push past zone with no entry reasoning so be patient and follow your trade plan rules and reasons for trading!
Enjoy!
Trade smart and always for tomorrow! Cheers.
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