Structure: Uptrend
Moving Average: Uptrend
Trendline: Downtrend Line Resistance
Pattern: Potential Head & Shoulder at 60.9
Trigger: Small Evening Star
Resistance: 60.80 - 61
Support: 58.70 - 59
Short Term overbought on Oil Price
Daily Candles show lack of momentum
Wait Euro or US Open to short at 60.50
SL: 61.45
1st Target: 58.70
2nd Target: 55
Higher risk because overall trend is upward, half Position Size than normal trade
Moving Average: Uptrend
Trendline: Downtrend Line Resistance
Pattern: Potential Head & Shoulder at 60.9
Trigger: Small Evening Star
Resistance: 60.80 - 61
Support: 58.70 - 59
Short Term overbought on Oil Price
Daily Candles show lack of momentum
Wait Euro or US Open to short at 60.50
SL: 61.45
1st Target: 58.70
2nd Target: 55
Higher risk because overall trend is upward, half Position Size than normal trade