Short Idea on Crude
Price is at Major Resistance
Price is at 0.618 fibo retracement
Bearish Rectangle (range) has been formed for over two weeks, as well as the RSI showing Divergence
Therefore a Short order can be place at current market price 64.53with SL @ 68.21, TP1 @60.22, TP2 @56.02. However, we can also be patient, thereby wait for a breakout to confirm entry.
Price is at 0.618 fibo retracement
Bearish Rectangle (range) has been formed for over two weeks, as well as the RSI showing Divergence
Therefore a Short order can be place at current market price 64.53with SL @ 68.21, TP1 @60.22, TP2 @56.02. However, we can also be patient, thereby wait for a breakout to confirm entry.
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