USOIL Potential Reversal

Trade Background: 

Price has been in a pullback since its massive tumble last week on May 23th. Now price is edging closer and closer to major resistance level of the channel trend.

Trade Idea: 

Positioning: Short 
Time frame: 4H chart 
Length of Trade: 2 days to 1 week 

Entry: Between 1.74300 to 1.74100 
Stop: 1.75200 
Exit: 1.73200

Trader Positioning:

XM Broker: High Speculative Appetite

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