We have a long trade on OIL since last Friday ( OPEC DAY) close this Asia morning with 460 pips( 66-70.6).
It looks a little be early to close?
We just want to be a coward when others want to be bravers.
The top blue position is a dangerous zone for buyers thats why we want to keep our profit safe first by closing the trade.
One such chart, we found only resistance and support structure technique is making sense. The blue wave is more reasonable for oil to go on based on a strong dollor times. The golden one is just a weak possibility to go.
Less is more!
Out final one is 71.
But we closed it manually early at 70.6.
So could not sell it yet.
Pls hold .
Now is 73 for crude oil.
Really sorry for my last long trade.
Pls teach me how to figure that out.