Yesterday's OIL broke a new low a gain and formed a bearish engulfing bar. it is now in retracement, so we wait the price comes back to the previous low, retest and look for bearish price action to enter short.
Long term trend: bearish.
expected TP zone: 55
Long term trend: bearish.
expected TP zone: 55
Comment:
nearly hit the target, you can take 70% profit and let the rest run. the trend is still strong.
Trade closed: target reached