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Trading setup for usoil (2016-08-09)

Trading setup for usoil (2016-08-09)

USOIL0.00%% met a big resistance at upper line of the decline channel and was rejected back yesterday. It forms a nice short setup if it breaks down the sharp rising channel.

Good luck for everyone!

No confirmation, no trading!

Notes: if it breaks out of the decline channel, this setup will be invalid!