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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.