OIL STRUCTURE SHORT|TRADING PLAN

Oil is approaching an important horizontal structure, which gives a good probability of a retracement from it. Thus, our target trade is short.

Trading plan:
1-if the diagonal support breaks>>
2-short with entry in the area outlined on the chart.
3-SL is ABOVE the dotted line. There is a small structure there, so it is safer this way.
4-two takes according to the horizontal structures. Place your takes slightly above the levels.

Alternative scenario:
1-support breaks way below the specified entry zone>> a potential short, but with worse probability and less risk reward ratio.
2-support stands, the horizontal level breaks>>long

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