USOIl-bias short
Bearish indications:
Double top formation in 5 min time frame.
Trend line support broken and acting as resistance.
Major resistance broken and acting as resistance now.
Bearish engulfer candle from resistance.
made a low , continuation of bearish trend.
Trade plan bias short @ 72.68
SL:73.09
TP1:72.21
TP2:71.76
TP3:71.36
Double top formation in 5 min time frame.
Trend line support broken and acting as resistance.
Major resistance broken and acting as resistance now.
Bearish engulfer candle from resistance.
made a low , continuation of bearish trend.
Trade plan bias short @ 72.68
SL:73.09
TP1:72.21
TP2:71.76
TP3:71.36
Note
Revising the SL to 73.30Note
TP1 HITNote
TP2 HITTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.