It can be another similar movenent of the price.
I dont trade fractals, but Crude is close to Support/Resistance Zone.
We can open Sell in marked Zone.
Potential profit will be in 3 times bigger than risk.
In this Education posit I want to share with you how to pic best places on a chart. Where to open entries with potential profit in 5...10 times bigger than a risk.
I recommend to use Historical levels or Breakpoint of the trend:
- Most of the retail traders set stop Losses below or above such key levels.
- Stop Losses of retail traders is a Fuel for Big...
Many technical analysis things show to us that bearish trend can stop so soon of even here.
We can open BUY with 2 scenarios:
1. Above Support/Resistance Zone near 1.21000.
2. After retest of 3-Years Low 1.19048.
Gross Domestic Product in United Kingdom grows every year from 2010. More detail information you can read on different web sites.
Here you can see the...
If you have trade SELL from the higher border of the channel you have to remember about this Support/Resistance Zone.
Before the price will reach 10000 it can bounce from this place.
But if it will cross Support/Resistance Zone we can open another SELL under it after pullback.
The target will be 1-Months Low.