Potential short opportunity in 2 different zones
Z1 : At the level where we are at right now ( orange line ), wait for a double top, with a divergence on the RSI
TP ; At ( 1.34554 )
SL : Above ( 1.43351 )
Z2 : The red zone ( Which I prefer due the good risk reward ratio, and the possibility the take action when we will have an over extension the leg with an overbought RSI , after a little pullback that it may happen in the coming days )
TP : ( 1.34554 ) with trailing stops if we are going to see a rise of oil prices ..
SL : ( 1.455006 )
Everything is possible !
Z1 : At the level where we are at right now ( orange line ), wait for a double top, with a divergence on the RSI
TP ; At ( 1.34554 )
SL : Above ( 1.43351 )
Z2 : The red zone ( Which I prefer due the good risk reward ratio, and the possibility the take action when we will have an over extension the leg with an overbought RSI , after a little pullback that it may happen in the coming days )
TP : ( 1.34554 ) with trailing stops if we are going to see a rise of oil prices ..
SL : ( 1.455006 )
Everything is possible !
Trade active
Trade closed: stop reached