Selling Oil with a Double-Tap
Amidst the initial fervor of supply disruptions announced by Russia and Saudi Arabia, a fascinating pattern emerged on the H1 chart – the elusive double-top formation followed by a compelling rejection. This intriguing setup presents traders with a golden opportunity to capitalize on the bearish momentum. With a commendable Risk-Reward ratio of 1:2.13, the stage is set for a profitable journey.
Our initial target for profit-taking stands at a compelling $95.90.
a secondary target is as indicated at S1
risk management is key.
Employ the same prudent strategy for moving your Stop Loss as the first Take Profit level is achieved.
Our initial target for profit-taking stands at a compelling $95.90.
a secondary target is as indicated at S1
risk management is key.
Employ the same prudent strategy for moving your Stop Loss as the first Take Profit level is achieved.
Trade closed manually
writing mistake $85.90 was TP1 which hit perfectly, however could not sustain downsidedownside pressure will remain ...However for oil that is so volatile, i will not keep the trade open overnight and will close the other one too with some pips
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