Short Crude Oil at Key Resistance zone

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USOIL had been retracing its bearish trend the last two weeks. It is now currently at key resistance zone. Short order set up for the following reasons:

• Overall trend on daily chart is down
  
• Price resisted key resistance zone at 47.00 to 47.75 (previous April 2016 to June 2017 channel support now became resistance)
  
• Forming a shooting star candlestick patteren (bearish wick protruding surrounding price action with bearish close)
  
• Sufficient confluence to support a short, but due to recent higher low that formed, stop will be moved to breakeven at around 45.00
  
• Minimum of 1.5 RR but potentially > 2RR
  
• Stop Entry: 46.73; Stop loss: 47.81; Take profit: 43.72 (2.79 RR)
  

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تم فتح الصفقة

Entry triggered at 46.73

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أغلقت الصفقة: تم الوصول لوقف الخسارة