Oil Short Setup
π΅ Entry: $58.51
π’ TP & RR: $53.68 (4.24)
β Stop Loss: $59.65
REASONS FOR THE TRADE
βοΈ Reached upper trendline
βοΈ Seems like we are going to form a lower low
βοΈ Divergence in the Market Flow indicator
π This is continuation of the short setup I posted a few days ago (1). If you are in a trade already this additional short (2) will increase your exposure, so I suggest moving your SL down.
π΅ Entry: $58.51
π’ TP & RR: $53.68 (4.24)
β Stop Loss: $59.65
REASONS FOR THE TRADE
βοΈ Reached upper trendline
βοΈ Seems like we are going to form a lower low
βοΈ Divergence in the Market Flow indicator
π This is continuation of the short setup I posted a few days ago (1). If you are in a trade already this additional short (2) will increase your exposure, so I suggest moving your SL down.