USOIL, where to SELL??

TVC:USOIL   CFDs on WTI Crude Oil
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I expect the price to drop to the support level from the sellzone,The Support/Resistance level could provide us a nice sell entry with good risk:reward ratio..

For Entry:
Wait for the formation of Bearish Candlestick Pattern to close on 5hr timeframe for confirmation to SELL..
Trade it with proper Sl..
In case, if price breaks above the support/resistance then we have to wait for a clear direction..

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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.


you mean to say 5 min time frame, instead of 5hr - right ?
@Summerset, 300m = 5hrs
The timeframe is 5hr/300m
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