Oil is officially on a downtrend

This bearish strength is nothing but a fundamental move with strict lock-down measures worldwide. A retest of at least the levels I have analysed is what I am looking for. Entry on the red won't be easy but there are always hints on the trading chart.

تعليق:

Trade analysis is playing out. Entry was best shown on the lower timeframes with evidence of price failing to continue up. I will manage this trade aggressively to find the right time to break even, this will not be done soon. Price should shoot down about 200 pips. I am also expecting price to shoot back up to form a double top on the key level depicted from my analysis.