Crude finally reached our TP and Resistance (95.00) today, giving us a nice 1:2 risk/reward (250pips) as it did, in our long entry on it from the initial Fakey with Pin Bar trade setup of the 19th March. Price was immediately rejected at resistance and this could lead to sellers getting in and sending prices lower. However, immediate support is found at about 93.90. Price must break below it for any significant sell off to come into play.
My Recommendation: Sell cautiously with stops above the tip of pin.
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