Possible Decline in OIL price to 72$

CHoCH in the 4hr timefrme, also a break of structure, indicating a possible decline in oil price to 72$.

Remember: Risk Management very important

Trade active

OIl Move in play currently with little profit, hopefully it gets to our TP... take note of price difference with brokers, what really matters is the sell zone with your broker.
Goodluck

Note

when price hit 79.359, move to break even or take partials, if it breaks 79.313, then it should hit the predicted TP

Note

Move to Break Even or take partials..

Note

Possible support @78.500 level, but if price breakes below the 77.900 price, then price should hopefully get to TP

Note

oil price broken the 78.500 support, now heading to the 76.027 support.
If it breaks 75.371 area below, then TP should hit..

Note

price heading to a sell zone @78.123, for a possible sell continuation.

Note

i will take profit @ the support zone around 76-75... take note oil zones varies depending on your broker. Check out the support zone on your broker platform, price should be close to it.

Trade closed: target reached

habinel

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habinel