HAS BEEN DOING SIMILAR THINGS WHEN RESPECTING THE 65 EMA
Oil trading at 48 didnot hold above 49 now we can see it 46-46.5 level. sell oil cmp 48 next set as pending order 48.8 both trade sl 49.5 TP 46.5 if trade 50 pips green move sl at cost
Nice short lined up ready to break. We could have a nice profit taking pullback down to some previous Resistance could go lower on news.
Healthy pullback waiting to happen will pull back a few cents to the downside, resistance below 15 minute looks setup well, stop loss 20 to 30 cents depending on your risk
There is a good entry area for short .Potential shark is looking good.Safe trade.
After a Triple Cycle up and three False Breaks we can see a Bearish Divergence as well. Sell the break of the Yellow TL aiming 50 % of the Triple Cycle TP 38.83 SL 2 pips + spread above top 42.60