Crude Oil Bullish Reversal Opportunity
Crude oil prices seem to be facing a strong resistance zone. A potential Bullish reversal may occur if the price breaks the resistance zone and the previous Lower High.
Bulls may eventually face a strong resistance zone around 87.3 till 88.4. If this zone breaks, the likelihood of TP2 will increase.
Trade Plan
Entry @ 79.6
Stop Loss @ 75.08
TP1 @ 84.12
TP2 @ 88.64
No. of Trades: 2
Move SL to Break Even if TP1 hits.
Bulls may eventually face a strong resistance zone around 87.3 till 88.4. If this zone breaks, the likelihood of TP2 will increase.
Trade Plan
Entry @ 79.6
Stop Loss @ 75.08
TP1 @ 84.12
TP2 @ 88.64
No. of Trades: 2
Move SL to Break Even if TP1 hits.
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.
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.