The price broke Up key level $80.47, it wasn't there since 2014.
Most of the time, when exchange rate broke such key levels, it moves far higher, because big players need a lot of efforts to break such levels. It needs a lot of volume. They do it for profit, that's why they will move it up.
Safe entry with little risk and High reword, we can open after pullback to $80.47. I will wait for fake broke of that key level. I use it because it gives to me a low, predictable risk and reword will be in 5 or more times bigger.
Example of my patter “Fake broke of mirror level I have shown to you on a right chart”
Forget about Short at this moment. We will able to open a Short if the price will break down $80 and D1 candle close under it.
Will Oil move up to $84? What do you think? Write about it in comment.
P.S. Push like and subscribe if you want to see more signals in the future. I'll write when to open a deal if this post get 45 like.
Always Use proper risk management!
Most of the time, when exchange rate broke such key levels, it moves far higher, because big players need a lot of efforts to break such levels. It needs a lot of volume. They do it for profit, that's why they will move it up.
Safe entry with little risk and High reword, we can open after pullback to $80.47. I will wait for fake broke of that key level. I use it because it gives to me a low, predictable risk and reword will be in 5 or more times bigger.
Example of my patter “Fake broke of mirror level I have shown to you on a right chart”
Forget about Short at this moment. We will able to open a Short if the price will break down $80 and D1 candle close under it.
Will Oil move up to $84? What do you think? Write about it in comment.
P.S. Push like and subscribe if you want to see more signals in the future. I'll write when to open a deal if this post get 45 like.
Always Use proper risk management!
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If the price will come back to key level
I will write bout entry