Potential Upside in Brent Crude Oil
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 a reversal candle to affirm confirmation of entry. Trade on breakout of resistance 47 area.
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 a reversal candle to affirm confirmation of entry. Trade on breakout of resistance 47 area.
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