USOIL:awaiting a retracement in the upward channel
USOIL:awaiting a retracement in the upward channel.
Normally this is not the way I trade in a trend. But the upward channel didnt show many real higher highs, which means in my system the buyers are not so strong.
A real retracement might break the balance and cause a great change.
So short positions are still applicable and will see how will the retracement work.
Normally this is not the way I trade in a trend. But the upward channel didnt show many real higher highs, which means in my system the buyers are not so strong.
A real retracement might break the balance and cause a great change.
So short positions are still applicable and will see how will the retracement work.
