Hello everyone
In crude oil we have a uptrend channel since may 2020
last week the price broke the uptrend channel and closed below
Now it is risky for long we will target demand zone below however we might retest the broken trend channel
This could be a fake breakout be careful pay attention in smaller time frame if we close back into the channel
Watch the price action on lower time frame on the key level of the charts for direction
good luck and trade with care
any question feel free to ask me :)
In crude oil we have a uptrend channel since may 2020
last week the price broke the uptrend channel and closed below
Now it is risky for long we will target demand zone below however we might retest the broken trend channel
This could be a fake breakout be careful pay attention in smaller time frame if we close back into the channel
Watch the price action on lower time frame on the key level of the charts for direction
good luck and trade with care
any question feel free to ask me :)