$CL SHORT 4H | A retest to measure near 89.65
Why it matters: 4H trend is bearish, with price near its fast EMA at 89.88. Latest 1H candle closed bearish on 1.28x its 20-candle average volume.
My read: The pullback into 89.55–89.75 gives this idea a defined risk test. TP1 maps to 0.87R; a move above 90.19 invalidates the idea.
Entry zone: 89.55–89.75
Stop loss: 90.19
Targets: TP1 89.18 (0.87R) / TP2 88.22 (2.65R) / TP3 86.88 (5.13R)
Scale out: 20% / 30% / 50%
Which matters more here: the zone reaction or the next 1H close?
Why it matters: 4H trend is bearish, with price near its fast EMA at 89.88. Latest 1H candle closed bearish on 1.28x its 20-candle average volume.
My read: The pullback into 89.55–89.75 gives this idea a defined risk test. TP1 maps to 0.87R; a move above 90.19 invalidates the idea.
Entry zone: 89.55–89.75
Stop loss: 90.19
Targets: TP1 89.18 (0.87R) / TP2 88.22 (2.65R) / TP3 86.88 (5.13R)
Scale out: 20% / 30% / 50%
Which matters more here: the zone reaction or the next 1H close?