Quick Shorting opportunity on 4 Hr Crude Oil with Risk of 2:1

١٥ مايو ٢٠٢٠

Beautiful shorting setup built on Crude oil 4 hour chart with risk of 2:1. There is a strong supply zone from $ 29.16 to $ 30.04 on 4 hour chart and oil is heading towards the supply zone. This supply zone has been tested only once till now and there is a strong possibility to reverse the trend on this price level one more time.

Short @ $ 29.10
Stop Loss @ $30.10
Profit Target @ $27.20