WTI Short setup

The WTI seem to be entering into a top setup, with a Daily MACD turning red and upper BB closing.

In H4 price have closed above the Upper BB and has been followed by a seller rejection.

I would try a short trade here at 84$ with a stop at 86.5$ and final target around 75.5$. At 81$ i would think of putting SL to BE.

Plan to be followed during the week..

Commentaire:

Trade travelled well since Monday night, currently nearly 2$ lower from entry. Prices are now on Daily MM20. Since the trend as been very strong, i take out 50% of the trade in profit and lower SL to 86$.

Which leave the trade with RR of 10 and a possibility to add more short trade later.

Commentaire:

Prices continue to drop and reach the support area, SL placed at Breakeven, We've booked profits and have no risk now, let it go.