BRENT OIL TRADE IDEA (21-25 Aug)

TRADE IDEA (21-25 Aug)
NEUTRAL (RANGE BOUND)
Target 1 hit last week
BEARISH Candle formed on Weekly timeframe
Price seems to be showing signs of exhaustion
would consider a SHORT on a close and hold below
4H BOS

UPSIDE

A break and hold above 4H BOS
level could target the 88.00 level

Transaction en cours:

I am SHORT @ 83.54 SL @ 86.15, will look to close 80% @ 83.00
and BE stop loss.
A close below 82.35 opens a push to 78.00 Area

Transaction en cours:

Possible HEAD and Shoulder pattern forming on 4H timeframe