4H OIL: Thoughts and Analysis
Today's focus: USOUSD
Pattern – Continuation 4H
Support – 76.77
Resistance – 77.64 - 78.20
Hi, and thanks for checking out today's update. Today, we are looking at USOUSD on the 4H chart.
Today's video asks if USOUSD can continue to hold above support and start a new continuation backing in the last leg higher. We have reviewed price action and a few different scenarios in today's video.
Will we see a new short/medium uptrend develop on USOUSD, or could we see resistance rule out and price break lower, testing the support?
Good trading.
Pattern – Continuation 4H
Support – 76.77
Resistance – 77.64 - 78.20
Hi, and thanks for checking out today's update. Today, we are looking at USOUSD on the 4H chart.
Today's video asks if USOUSD can continue to hold above support and start a new continuation backing in the last leg higher. We have reviewed price action and a few different scenarios in today's video.
Will we see a new short/medium uptrend develop on USOUSD, or could we see resistance rule out and price break lower, testing the support?
Good trading.
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