OIL, Trading Plan.
Updated
I will open Sell if the price will break down $52, and 1-hour candle will close under $52.
Goal will be $49
Reasons:
- Long-Term trend is still bearish
- Price can make a retest of $49
- Price came back a 3rd time to key level, in 70 -80% of situation it breaks it.
Goal will be $49
Reasons:
- Long-Term trend is still bearish
- Price can make a retest of $49
- Price came back a 3rd time to key level, in 70 -80% of situation it breaks it.
Note
Price broke down key levelNote
Trade active
Note
The price moved down 80 pips You can close part of the position
Note
1-hour candle close under key levelit is a great signal that price can move down till my take profit
Note
Take profit hit.Dear friends who used this idea, please support it by your likes and comments on TradingView. Thank you.
Trade closed: target reached
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