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What I'm waiting to see in USOIL?
USOIL / 4H
Hello traders, welcome to another market breakdown.
USOIL has been trading in a very strong bullish trend. But recently, the price has been rejecting the dynamic weekly resistance indicating a strong pullback is expected.
Before opening in a short position, I'm looking to see a breakout from the rising channel. Then I'll be looking to sell short pullback.
Trade safe,
Trader Leo.
Hello traders, welcome to another market breakdown.
USOIL has been trading in a very strong bullish trend. But recently, the price has been rejecting the dynamic weekly resistance indicating a strong pullback is expected.
Before opening in a short position, I'm looking to see a breakout from the rising channel. Then I'll be looking to sell short pullback.
Trade safe,
Trader Leo.
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