Pattern Combo, USOil Short Setup

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

Zlecenie aktywne:

Pattern runs well, heading to 49.72

Zlecenie aktywne:

TP1 reached, watch out support near 200MA and TP2, downside prevails

Zlecenie aktywne:

Price fail to hold over 50, TP2 reached, heading to Tp3 and TP4