BRENT SHORT POSITION ENTER NOW. TP1 31.3 TP2 30.00
BRENT has been rally for couple of days due to the dovish statement from Central bank. The risk on mode seems a bit cover, but there is no sign of DXY turning into SOUTH. The sentiment still depressed.
From Technical side, MACD ready to jump off and the ADX indicated that the directioanl momentum is going to be exhaused.
Price action tell you a good risk reward. Volume is dimishing toward the trend and the price action is getting smaller and smaller, it is just waiting for "something" to trigger the event.
While the stop loss is 32.6 and the target price is 31.3 for the 1st level and even bigger fall is waiting at around 30.00.
From Technical side, MACD ready to jump off and the ADX indicated that the directioanl momentum is going to be exhaused.
Price action tell you a good risk reward. Volume is dimishing toward the trend and the price action is getting smaller and smaller, it is just waiting for "something" to trigger the event.
While the stop loss is 32.6 and the target price is 31.3 for the 1st level and even bigger fall is waiting at around 30.00.
Trade active:
still a short, while i closed the first trade as the trade hit the stop loss.
Trade closed: target reached:
Target reached. Nice profit!