My XBR/USD (Brent Crude) trade idea is solid, with a strong bearish confluence based on technical indicators. Let's refine it a bit:
Trade Breakdown:
Bearish Bias: Price rejected the upper trendline of an ascending channel.
Indicators Confirming:
CCI & %R exiting overbought → Bearish momentum starting.
Imbalance below → Potential price correction downward.
Entry: Sell below 71.50, confirming with a strong breakdown.
Targets:
🎯 TP1: 70.80 (first support zone).
🎯 TP2: 70.40 (deeper correction level).
Stop-Loss: Above recent highs, around 72.20 - 72.50, to avoid premature stop-outs.
Additional Confirmation:
Break & Retest of 71.50 as resistance.
Bearish candlestick formations (e.g., engulfing, shooting star).
Volume increase on the breakdown.
🚨 Final Verdict: Yes, but wait for a solid break! Would you like a live market check for confirmation?
Trade Breakdown:
Bearish Bias: Price rejected the upper trendline of an ascending channel.
Indicators Confirming:
CCI & %R exiting overbought → Bearish momentum starting.
Imbalance below → Potential price correction downward.
Entry: Sell below 71.50, confirming with a strong breakdown.
Targets:
🎯 TP1: 70.80 (first support zone).
🎯 TP2: 70.40 (deeper correction level).
Stop-Loss: Above recent highs, around 72.20 - 72.50, to avoid premature stop-outs.
Additional Confirmation:
Break & Retest of 71.50 as resistance.
Bearish candlestick formations (e.g., engulfing, shooting star).
Volume increase on the breakdown.
🚨 Final Verdict: Yes, but wait for a solid break! Would you like a live market check for confirmation?
Trade active
XRB/USD trade active from 71.50 keep hold in sell position..
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.