mymonymakr

CORRECTIVE TIME FOR USDBRO?

Short
FX_IDC:USDBRO   U.S. DOLLAR / BRENT CRUDE OIL
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1
FX_IDC:USDBRO already meet the High or April 2019. Common and classic price action characteristic is whenever the price meet support or resistance area , the pause and change of price could be occurred.

In the smaller timeframe (H4) there's and indication of price reversal as a secondary movement. So, with this simple and basic technical analysis I expect a downward movement on USDBRO for at least one week ahead,
Trade closed: target reached

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