Looking like a good short setup here risk to reward .
Currently price is sitting at a 7 year supply area.. monthly and weekly technicals are getting overbought and daily technicals are at extremes already...
The short Entry would be below 81.00 with the
first target being 78.00
2nd target 74.00
My final target would be 63-67 but I expect price to bounce at 74.00 so id take profits there or tighten stop
Daily candle showing a Bearish reversal A close below 81 tomorrow would confirm the reversal
Currently price is sitting at a 7 year supply area.. monthly and weekly technicals are getting overbought and daily technicals are at extremes already...
The short Entry would be below 81.00 with the
first target being 78.00
2nd target 74.00
My final target would be 63-67 but I expect price to bounce at 74.00 so id take profits there or tighten stop
Daily candle showing a Bearish reversal A close below 81 tomorrow would confirm the reversal
註釋
Last week lost 50% on this short.. made 250% today .. covering here .. will reenter under 75.00
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