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USOIL: Falling Down With The Hard Resistance Barriers- BULLISH.

 

 

 

 

Oil, firing down its price-range throughout the globe. Technically, US oil also facing the same issues, that could be the compliment for Sellers. A mighty reversal from the 71.37 resistance zone holding the price range in down-trend. Currently, the price range marking its presence at 67.54 and the candles are growing in down-trend.

The correction action from the 66.83 tried to recover its price range, but a single Impulse from the 68.48 broke the all its attempt. This an add-on for the downtrend, every down-trend Impulse will act as a barrier resistance. So, the market has a solid chance to Tend an Impulse, this action, could easily fetch the quote 65.27.

On the contrary, if the Signals got a reversal from the Current trend means, end the trade at 68.64.

HAVE A LOOK ON THE CHART AND DECIDE YOUR TRADE.

SIGNAL SPECIFICATIONS

Entry: 67.54

Take Profit: 65.29

Stop loss: 68.66

Risk Vs Reward: 2.01

Happy trading.

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11 Sep 2018 11:24 am Posted by tamilforex

 
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