Usoil is right above a area where price has closed before in the past.
Although price is hanging above the area where price closed before (Just Like In The Past), Im expecting price to fall from this area.
You can see before that price fell from this area 3 times or so before.
So this is a sell idea based on the phenomenon knows as Support And Resistance Trading.
Please understand I have not entered a sell right now and im waiting for some bearish price action before I enter the sell.
Although price is hanging above the area where price closed before (Just Like In The Past), Im expecting price to fall from this area.
You can see before that price fell from this area 3 times or so before.
So this is a sell idea based on the phenomenon knows as Support And Resistance Trading.
Please understand I have not entered a sell right now and im waiting for some bearish price action before I enter the sell.