$CL : Opening a solid SHORT due to rejection at resistance.
The price shows a clear rejection at the resistance level of 84.19, forming a bearish wick on the 15m chart. With RSI(6) at 72.91 and the price extending significantly above the MA7, the highest probability for a scalp is a mean reversion toward the MA25 support at 82.73.
Entry: 83.74 – 84.16
Stop Loss: 86.68
TP1: 79.87
TP2: 76.61
Click here to trade 👇
The price shows a clear rejection at the resistance level of 84.19, forming a bearish wick on the 15m chart. With RSI(6) at 72.91 and the price extending significantly above the MA7, the highest probability for a scalp is a mean reversion toward the MA25 support at 82.73.
Entry: 83.74 – 84.16
Stop Loss: 86.68
TP1: 79.87
TP2: 76.61
Click here to trade 👇