OIL Short Setup 🔵 Entry Level: $82.95 🟢 Take Profit: $79.49 (2.22) ⛔ Stop Loss: $84.51
Reasoning: 1) Yesterday's trades went as planned, unfortunately, I wasn't behind my desk to assess the volume and take them, but If you did, good for you. We are approaching the middle trendline, so I expect a small retracement after that point. 2) I am also expecting a divergence to form somewhere around the entry level. 3) Stop Loss is pretty loose since I want to give the trade some space to breathe With that being said, bear in mind the spread and the weekend fees, which may eat up your profits.