A good opportunity to short Oil has come up.
There is a bear flag on the 4H timeframe…now potentially forming a retest wedge pattern into the point of interest I have marked out.
This is a 1:11.44 R trade and if held to $60.50 which is where I think Oil is heading to by May, then it is an 80R opportunity- though I do think it best to take most of the profits off at the conservative target market out as it could create continuing forming this bear flag higher up.
Risk to reward rating for target 1: 7/10
Chance of success if it follows path: 7/10
Overall rating 7/10
Risk to reward rating for target 2: 10/10
Chance of success: 3/10
Overall rating: 7/10
There is a bear flag on the 4H timeframe…now potentially forming a retest wedge pattern into the point of interest I have marked out.
This is a 1:11.44 R trade and if held to $60.50 which is where I think Oil is heading to by May, then it is an 80R opportunity- though I do think it best to take most of the profits off at the conservative target market out as it could create continuing forming this bear flag higher up.
Risk to reward rating for target 1: 7/10
Chance of success if it follows path: 7/10
Overall rating 7/10
Risk to reward rating for target 2: 10/10
Chance of success: 3/10
Overall rating: 7/10
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.