USOIL SELL SHORT
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Structure: This chart shows a possible bearish setup following a recent rally that appears to be losing momentum as it approaches a resistance area around the 0.618 Fibonacci retracement level. The price action suggests a possible reversal or correction from this resistance zone.
Trade Setup: The trade setup suggests a short position, targeting a downward move towards the 70.80 USD area (green zone), which represents the next significant support level. The stop loss is placed at 81.40 USD (red area), just above the recent high, to limit losses if the price breaks through the resistance and continues higher.
Trade Setup: The trade setup suggests a short position, targeting a downward move towards the 70.80 USD area (green zone), which represents the next significant support level. The stop loss is placed at 81.40 USD (red area), just above the recent high, to limit losses if the price breaks through the resistance and continues higher.
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Penafian
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