USOIL SWING TRADE
Usoil 1hr Order Block This Order block is vimp because its
1 hr POI.
At this level we can see some Liquidty pool.
Here we can take trade with 5 min CHoCH.
Follow for Daily Forex Update
Note - Only for education purpose.
Recent developments in the US oil market have sparked optimism among analysts, as prices appear to be finding solid support on a macro trendline when viewed on a weekly timeframe. This suggests that after a period of volatility, oil might be gearing up for upmove.It might check the levels to upside from here with targets of 80,82,84 above.
Oil is in downward channel recent price rejected from 79.80 top of the channle expecting it test 78 and 77 if this price action follow through happens mentioned levels possible.
This are major support and resistance(Not Daily).It is too hard to Publish Daily S AND R.
Trade carefully.
Note: This is only for Learning.
Note: There can be conflict because of CRUDEOIL INDIA CHART
worldwide Crude has been given buy calls and its expected to move up which usually lifts Reliance and sometime good spikes. This time Crude is taking support and moving up because of bullish trend and new ATH in US equity. Bullish economic outlook and expected FED rate cuts lifting crude now. Its Buy call worldwide now.
As i shared this idea as early as possible .
Hope my followrs have made huge profit with 1:3 risk to reward ratio.
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As we have taken the trade at breakout .
Who want to join in this trade could get into trade at this pullback and enter the trade with good risk and reward ratio.
As my previous predictions im sure that us oil will follow pattern , and we can get huge profit from this trade.
Us oil could give big downward movementum and we can see huge sell off at this level.
Analysis On 28th Feb 2024
USOIL seems like taking support of 100 Ema on Monthly and Daily TF.
If it close above 5ema at the end of this February Monthly Closing it would be good confirmation to Buy.
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I delve into the dynamic world of growing stocks, providing valuable analysis and commentary on significant levels that traders need to keep an eye on. From crucial support and resistance zones to potential breakout points, I aim to equip you with the insights you...
Probality of bottoming out strong bases build at 65 on correcion innext 4-5 week towards 75-80 levels build long position for upmove towards 95 and 115 in next 6 to 12 month .
View fails on weekly closing below 65
USOIL SWING TRADE
Usoil 1hr Order Block This Order block is vimp because its
1 hr + 4Hr Demand Zone.
At this level we can see some Liquidty pool.
Here we can take trade with 5 min CHoCH.
Follow for Daily Forex Update
Note - Only for education purpose.
