USOUSD short … for the week of 19 Dec 2022
US Oil (WTI crude) has been steadily making its way to the downside since the past 6 months. This has been a clean downtrend, respecting previous structure for the most part and I do not see any reason why this would change.
I am looking for a pullback either to the minor level in the 77.60 area or even to the major level in the 82.00 area. If some bearish price action (on a lower time frame) becomes evident, such an event would provide a good location to join the down trend that is likely to follow.
Targets are located at supports at 71.50 and then at 66.50 regions.
Always use sound money and risk management and stay patient in all your trades.
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I am looking for a pullback either to the minor level in the 77.60 area or even to the major level in the 82.00 area. If some bearish price action (on a lower time frame) becomes evident, such an event would provide a good location to join the down trend that is likely to follow.
Targets are located at supports at 71.50 and then at 66.50 regions.
Always use sound money and risk management and stay patient in all your trades.
If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
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