USOIL is unable to push higher up. It has a weak foundation as support and we can expect it to drop further down below to find a good support before continuing its long term bullish trend, if still strong.
Leave your SL above the last high for enough space to move before the breakdown below.
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With the fib extension for placing your TP:
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I personally have closed this position as it could go for a high test. Will open it back on the next sell confirmation.
Yorum
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This trade ended up in profit while Brent Crude oil tested its daily resistance one last time before breaking down.