Oil Resistance Test Short
Oil has recently broken support at 85.00.
Looking for a retest of this are now as Resistance.
The short trade is on chart.
1. Entry - near 85.00
2. Stop - above resistance zone by 1 atr around 88.00
3. Target - the 1.41 fib extension of prior swing
RR = 3+
Looking for a retest of this are now as Resistance.
The short trade is on chart.
1. Entry - near 85.00
2. Stop - above resistance zone by 1 atr around 88.00
3. Target - the 1.41 fib extension of prior swing
RR = 3+
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.