Short EOD trade on Brent Crude at the $50 psychological levelPlease see annotated chart for details.
Psychologicallevel
2786 AT STRUCTURE + IMPORTANT PSY. LEVELHi there,
-Recently found this good long opportunity, price has just closed above an important higher time-frame high, gave me the permission to look for bullish opportunity. As price moves, a great 2786 trading opportunity's presented.
-This is one of my system which consist of a simple double bottom (or top) followed by a break and close above (or below) and then a retracement back to the 0.78 Fib. Ret. of the whole move.
-This time it happened to be in lined with the structure level looking left and a very strong psychological level. So, I think this one might be a very good trading opportunity and worth sharing for you guys looking to get long on this pair.
That's it for today guys. Wish you success and God bless.
Fedro
