annotations. The chart highlights a recent sharp decline after a previous upward trend. The trader considers a short position, with a target point set at 55.50 The risk/reward ratio is approximately 30:170, suggesting a favorable trade setup. The analysis emphasizes the importance of strong support levels, technical confirmation, and managing market noise, especially near the support zone. It also notes that news events or central bank comments could trigger volatility, requiring careful monitoring. The plan advocates proper position sizing, event awareness, and scaling out profits near resistance levels before a possible trend reversal. The overall approach suggests cautious optimism for a potential decline in oil prices, with clear risk management strategies in place.
Trade active
ENTRY 61.69 NOW TOUCH 60,01 RUNNING 170 PIPS RUNNING
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.