Brent Crude OilShort
Brent Oil Resistance Rejection Idea
Description: Brent oil is approaching a key resistance level. This level previously acted as support, but after being broken, it has now turned into resistance. If the price revisits this area, there’s a high probability of rejection based on past price action.
Trade Idea:
Watch for the price to approach the resistance level.
If there are signs of rejection (e.g., bearish candlestick patterns or declining momentum), this could be a good opportunity for a short position.
Set a stop-loss slightly above the resistance level in case the price breaks through.
Potential target: Previous support level.
Trade Idea:
Watch for the price to approach the resistance level.
If there are signs of rejection (e.g., bearish candlestick patterns or declining momentum), this could be a good opportunity for a short position.
Set a stop-loss slightly above the resistance level in case the price breaks through.
Potential target: Previous support level.
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WiVERIDERS
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.