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Master 1H Chart Analysis: Oil is closing the GAP

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Hi, guys!

Master (Pure) Charting Analysis: no indicators, no fancy drawings; only Pure Logic and 10 years of Experience.

* After a tremendous rise to $63 Oil seems to be losing steam.
* Standing on the top of the gap, the price can easily go down from here and close it out.

Trade Signal

Sell at $59.00
Target: $55.00
Stop-loss: $60.00.

Risk/Reward: 4:1

GOOD LUCK!

Yours,
Market Wizzard


Disclaimer
The decision to enter a trade is solely at your discretion and responsibility. I express my subjective opinion and provide information for educational purposes only.
Catatan
Don't hesitate to leave 'Like' under the idea if you do really Liked it! :)
Trade aktif
Trade aktif
The trade is in line with the forecast. Short is held.
Trading ditutup secara manual
Closed @ $55.86. Profit: +$3.14 :)

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