Short trade on the horizon?
Brent has made a new low and tested the 2001 lows at $16.65, forming a number of dojis
Should price rise, there is confluence with the 2016 lows at $27.13, as well as the 50% fib retracement of the recent move lower which I expect to provide some resistance and an opportunity to short this market, with a retest of the lows a very decent target (1k+ pips!)
Should price rise, there is confluence with the 2016 lows at $27.13, as well as the 50% fib retracement of the recent move lower which I expect to provide some resistance and an opportunity to short this market, with a retest of the lows a very decent target (1k+ pips!)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.