this is the 4th attempt that it has tried to break out from the upper channel on the 1H chart. It has succeeded according to price action (for now). Anything can happen especially with what's happening now with the OPEC members meeting ! But, if my analysis is right that Oil should heads south , then this breakout is indeed a genuine one.
We have long this pair a while ago placing our SL at 1.417. Yes it is tight because if this attempt to breakout is another fake one, then it will follow the pink arrow to go down further. Then we know we are very wrong but pay a small price for it. This mistake means Oil continues to head higher.
Let's see how things turn out later......
We have long this pair a while ago placing our SL at 1.417. Yes it is tight because if this attempt to breakout is another fake one, then it will follow the pink arrow to go down further. Then we know we are very wrong but pay a small price for it. This mistake means Oil continues to head higher.
Let's see how things turn out later......
註釋
Sorry guys, we are stopped out ! So you see, pay as low as possible for your losses, that way , you leave more chips on the table .
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