Trade within the zone - Trend line support - Suggested risk reward ratio 1:4 / 1:5 - Two Profit Taking Target TP1 : 62.0 TP2 : 62.6
Trade within the zone. Suggested risk reward ratio 1:4 / 1:5 Two profit taking target TP1 : 62.0 TP2 : 62.6
Trading within the range, strong support has found. Encourage to slowly scale in as price go lower, trade setup with decent R/R
- Crude oil looking bearish on higher time frame - Double doji formed on the trendline signalling reversal - monday open market gap has fulfilled and ready to go down
Sell at strong resistance with 3 previous attempts to break as it is within 61.8 to 71 Fib level as well. Trendline TP target determine by the previous candlesticks gap increasingly. - pattern repetition