Peet_Serfontein

Brent aiming for 54.88?

Short
FX_IDC:USDBRO   U.S. DOLLAR / BRENT CRUDE OIL
A conflux of technical indicators supporting a bearish bias:
Lower peaks and lower troughs confirm a bearish trend direction.
Crossed below its 8, 13, 21-day simple moving average.
Bearish Heikin-Ashi trend.
Bearish linear regression trend.
Daily RSI around 41 leaving room for downward price potential.
Time to exit: +/- 17 September 2019.
Trade closed: stop reached

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