My first trading idea, here to learn from the experts, please give feedback on this idea.
Several Signals I have identified:
1. Cypher Pattern has confirmed potential reversal zone
2. A support level at 45.48 area is forming
3. Still in an long term upward trend
4. Catalyst moving it up would rely on upcoming OPEC deal on production cut
What to do now?
Wait for...
DOUBLE HEAD AND A STRONG RESISTANCE ZONE THERE IT SHOWS CLEARLY A DOWN MOVEMENT FOLLOWING THE BIG DOWN TREND THAT HAS STARTED LONG TIME AGO
SO SHORT GOT TP @ 45.00 AND LONG TP @ 39.00