Instrument:- Brent Oil vs USD
Position:- Long
Timeframe:- 1 Hour
Method:- Dow Theory + Candlesticks
Reason:-
* Multiple bullish candlesticks (Candlestick analysis)
* Price in Uptrend with Multiple Higher highs and Higher Lows with no break in the uptrend (Dow theory)
Entry @ CMP (113.80)
Take Profit @ 117.83
Stop loss @ 111.68
Risk to Reward :- 2:1
Position:- Long
Timeframe:- 1 Hour
Method:- Dow Theory + Candlesticks
Reason:-
* Multiple bullish candlesticks (Candlestick analysis)
* Price in Uptrend with Multiple Higher highs and Higher Lows with no break in the uptrend (Dow theory)
Entry @ CMP (113.80)
Take Profit @ 117.83
Stop loss @ 111.68
Risk to Reward :- 2:1