USOIL - Short Trade Idea (26th Sept 2024)

2024年9月26日

This is my analysis on USOIL.

So, what my eye catches is the ascending sellside trendline liquidity being build up. We have a recent touch on it, retracing into a weekly SIBI. Based on this, I am anticipating us trade quickly down into a monthly BISI as my initial target.

The stoploss I set is based on the current swing high. A wider stoploss could be adopted to weather any sort of wick damage happening during high impact news.

Let's see how this plays out.

- R2F

2024年10月2日

註釋

Still confident on the direction, but we may make another high to take out a short-term high where my stoploss is. If stopped out, will be waiting for confirmation back to the downside. Looking at 73.3 and 74.4 as possible areas it may reach to.