USOIL / Crude Oil Price Prediction: Bearish Breakdown Below Lower Trendline | Fakeout vs Real Breakout Explained
Description:
Crude Oil Technical Analysis Today - Bearish Bias Below Trendline
Oil is trading inside a rising channel. My bias is BEARISH if price breaks the lower trendline.
Trade Plan (Educational Idea):
I know exactly when a fake breakout happens on upper resistance vs a real breakout on lower support. Based on that, I am sharing this setup.
If the lower trendline breaks with a strong bearish candle close, market will go down. If price breaks the upper resistance, it will be a FAKE BREAKOUT.
Entry: 98.170
Stop Loss: 100.479
Take Profit: 93.559
Risk Reward: 1 : 1.88
How to trade this safely:
First, test this signal on a DEMO account. If my signal performs well and you are profitable on demo, only then consider trading on a real account.
Follow for daily XAUUSD, Forex, Crypto and USOIL signals and live breakdown analysis.
Disclaimer: This is for educational purposes only. This is not financial advice. Trading involves risk. Do your own research before taking any trade.
#usoil #crudeoil #oilprice #daytrading #forexsignals
Tags for TradingView:
USOIL, CRUDEOIL, WTI, OIL, FOREX, DAYTRADING
Description:
Crude Oil Technical Analysis Today - Bearish Bias Below Trendline
Oil is trading inside a rising channel. My bias is BEARISH if price breaks the lower trendline.
Trade Plan (Educational Idea):
I know exactly when a fake breakout happens on upper resistance vs a real breakout on lower support. Based on that, I am sharing this setup.
If the lower trendline breaks with a strong bearish candle close, market will go down. If price breaks the upper resistance, it will be a FAKE BREAKOUT.
Entry: 98.170
Stop Loss: 100.479
Take Profit: 93.559
Risk Reward: 1 : 1.88
How to trade this safely:
First, test this signal on a DEMO account. If my signal performs well and you are profitable on demo, only then consider trading on a real account.
Follow for daily XAUUSD, Forex, Crypto and USOIL signals and live breakdown analysis.
Disclaimer: This is for educational purposes only. This is not financial advice. Trading involves risk. Do your own research before taking any trade.
#usoil #crudeoil #oilprice #daytrading #forexsignals
Tags for TradingView:
USOIL, CRUDEOIL, WTI, OIL, FOREX, DAYTRADING
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.