Hello Everyone !
Below we have USOIL pair on a SHORT Possibility, Price has been showing weakness at a very important Resistance Level. As for our Opinion it wouldn't be surprising if we see Oil retesting the previous Lows of around 10$ ,0$ or even the Negative side. Trading this Pair for the Moment seems to be pretty risky as for its high Volatility. It is too early to say if its a SHORT or no, lets wait and see if the Price will fail to create Higher High, and create a Lower High instead for Confirmations.
Extra Note : Price is at the 78.6 Fib. Retracement & started to show weakness.
Feel Free to share your Opinions on the Comments Below.
Instagram : Cosmic_forex
Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose!
Below we have USOIL pair on a SHORT Possibility, Price has been showing weakness at a very important Resistance Level. As for our Opinion it wouldn't be surprising if we see Oil retesting the previous Lows of around 10$ ,0$ or even the Negative side. Trading this Pair for the Moment seems to be pretty risky as for its high Volatility. It is too early to say if its a SHORT or no, lets wait and see if the Price will fail to create Higher High, and create a Lower High instead for Confirmations.
Extra Note : Price is at the 78.6 Fib. Retracement & started to show weakness.
Feel Free to share your Opinions on the Comments Below.
Instagram : Cosmic_forex
Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose!