USOIL is at a trendline support that has held for a very long time.
Usoil has also retraced to the 786 retracement level and is showing rejection candles at this area.
I am waiting for a entry and I will hold. My take profit is open but im expecting a high at least to a double top as you see on the chart.
There is no good reason to buy right now. If you are looking at this idea , you must wait for some kind of confirmation before you decide to buy.
Some traders use a moving average crossover on at least minute 15 before they decide to enter.
Usoil has also retraced to the 786 retracement level and is showing rejection candles at this area.
I am waiting for a entry and I will hold. My take profit is open but im expecting a high at least to a double top as you see on the chart.
There is no good reason to buy right now. If you are looking at this idea , you must wait for some kind of confirmation before you decide to buy.
Some traders use a moving average crossover on at least minute 15 before they decide to enter.