theselfishtrader

Brent Crude - Possible failed pin bar short opp

Short
TVC:UKOIL   CFDs on Brent Crude Oil
A pin bar at the 50% Fib level gave price a little relief, but price action suggests this rally is over, with no bullish follow through in the days that followed.
I will look to get short on a break below the pin bar wick, and perhaps a little higher if price action presents an opportunity.

Targets would be next support/ prev resistance at $49, where there is confluence with the 61.8% Fib level.
Trade active
Trade closed manually: stopped out be

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