Pattern Combo, USOil Short Setup
Updated
USoil is forming a wonderful pattern combo: Bearish Butterfly and Builish Cypher, conjoint at 52.72.
Moving average is turing flat, together with declining momentum on MACD, both shows negative direction toward oil price.
Good trade to short , with good risk-reward ratio, together with the over supplied production.
Short @ 52.72
SL:54.5
TP1:50
TP2:49.2
TP3:47.2
TP4:44
Moving average is turing flat, together with declining momentum on MACD, both shows negative direction toward oil price.
Good trade to short , with good risk-reward ratio, together with the over supplied production.
Short @ 52.72
SL:54.5
TP1:50
TP2:49.2
TP3:47.2
TP4:44
Trade active
Pattern runs well, heading to 49.72Trade active
TP1 reached, watch out support near 200MA and TP2, downside prevailsTrade active
Price fail to hold over 50, TP2 reached, heading to Tp3 and TP4
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