The price broke Up key level $80.47, it wasn't there since 2014.
Most of the time, when exchange rate broke such key levels, it moves far higher, because big players need a lot of efforts to break such levels. It needs a lot of volume. They do it for profit, that's why they will move it up.
Safe entry with little risk and High reword, we can open after pullback to $80.47. I will wait for fake broke of that key level. I use it because it gives to me a low, predictable risk and reword will be in 5 or more times bigger.
Example of my patter “Fake broke of mirror level I have shown to you on a right chart”
Forget about Short at this moment. We will able to open a Short if the price will break down $80 and D1 candle close under it.
Will Oil move up to $84? What do you think? Write about it in comment. P.S. Push like and subscribe if you want to see more signals in the future. I'll write when to open a deal if this post get 45 like.
Always Use proper risk management!
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Oil moved up without any pullback. If the price will come back to key level I will write bout entry