MHD85FX_KW

sell brtusd after confirmed break below106

Short
MHD85FX_KW Updated   
EASYMARKETS:BRTUSD   Brent Oil (BRT) / US Dollar
setup analysis: price has rebound from the support level 100 three times and each time making lower high which suggest weakened bullish trend . It is very likely to go down again to level 100 and break down easily this time to next support levels at 92 and 87
Trade closed: stop reached:
i believe it is still bearish . we will look for a good sell entry again

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.