VantageMarkets

BCOUSD Potential for Bearish Continuation

Short
OANDA:BCOUSD   Brent Crude Oil
On H4, with the price breaking the ascending trendline and below ichimoku cloud , we have a bearish bias that the price may drop from the sell entry at 95.361, which is in line with the 23.6% fibonacci retracement to the take profit at 90.345, where the swing low, 100% fibonacci projection and 61.8% fibonacci retracement are. Alternatively, the price may rise to the stop loss at 99.718, where the previous swing highs are.

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