Highly undervalued stock, I would set the targets much higher but this reasonable in the time given. Also sitting at strong support, do not miss this chance!
As the market has rejected on larger TFs, it is only an indication for the price to move south.
Buy now, tight SL and amazing risk : reward.
This week GBP performed precisely as expected, the previous trade successfully hit Take Profit with the R:R 1:8.
Please be a bit cautious with this trade the price can extend high past the red zone before reversing to the downside.
The rejection led the price moving downwards, a big drop expected soon!
The price is setting up to touch the local resistance.
Time for the USOIL to go up
Price is looking to be setting up for a long.
Good place to buy currently, however the price is likely to retrace and give an opportunity at buying at a better price.
I will be watching for the price to consolidate slightly before taking off.