Greetings to all the guys! I want to share with you this deal that I entered on BRENT Cash in a 15-minute frame (M15).
After the violent drop we saw where the price reached 88.00$, it seemed that the market reached a "selling saturation" phase. I waited for signs of a rebound and entered a buy deal at 92.17.
Why did I enter this deal?
Psychological support: the price bounced strongly from the lows, and there seems to be an initial 'V-Shape recovery'.
Risk management: the Stop Loss was set close and clearly defined (below the 91.47 levels).
Targets: currently, the trade is in the green (+5.98 USD pocket change), and the next targets are the 95.00 and 95.59 levels (previous resistance zones).
Tip for traders: always look for a 'Reversal', but don't go against the trend unless you have a clear signal and strict risk management.
What do you think? Do you see Brent continuing to rise to $100, or is this bounce just temporary? đ§#BrentCrash #TradingCommunity #TradingSignals #USOilTankerGotAttacked #IranIsraelConflict