I´ve tried to short oil last Friday but i was stopped out. However i´m looking that in a daily chart we stand on a resistence level. In the 60m chart it is clear that bulls cannot break the 53 area. the last 5 candles have been a bearish Pin Bar and a cluster of doji´s so i´m planning to open a short position with a sell stop with2 target prices.
TP1 at 52,23 and TP 2 51.71
In total this could make a 1.96 RR trade
TP1 at 52,23 and TP 2 51.71
In total this could make a 1.96 RR trade
Trade active
Trade closed: stop reached
The trade setup just got better. I will place a sell stop order a little above, since price has been rejected around 53´s
My TP´S are the same as initial setup