My reasons:
Classic Reversal Pattern, Head and Shoulder at H4.
Huge Bearish Engulfing on H4.
Confirm better by break below neckline, climb and reject below neckline.
Average Entry Price: > 90
SL: 92.00
TP1 : as in the pic (Measure the distance from Head to Neckline)
TP2 : ''
TP3 : ''
Classic Reversal Pattern, Head and Shoulder at H4.
Huge Bearish Engulfing on H4.
Confirm better by break below neckline, climb and reject below neckline.
Average Entry Price: > 90
SL: 92.00
TP1 : as in the pic (Measure the distance from Head to Neckline)
TP2 : ''
TP3 : ''
Trade closed: stop reached:
Uptrend continues for Oil.