Hello all,
Right now the price is breaking out of the long term rising wedge and
most importantly out of the structural level (75-80 USD). First of all,
we need to wait until the 1D bearish candle closes below that stuctu-
ral level. After that the retracement is very likely, which will give a
chance for a successful entry. The entry should be at the structural level.
TP, scale-in and BE SL points are indicated on the graph.
Disclaimer: Any risk related to trading this commodity is solely on you. Please, think thoroughly before making any trading decision.
Right now the price is breaking out of the long term rising wedge and
most importantly out of the structural level (75-80 USD). First of all,
we need to wait until the 1D bearish candle closes below that stuctu-
ral level. After that the retracement is very likely, which will give a
chance for a successful entry. The entry should be at the structural level.
TP, scale-in and BE SL points are indicated on the graph.
Disclaimer: Any risk related to trading this commodity is solely on you. Please, think thoroughly before making any trading decision.