WTI: Bearish Divergence as Signal for Shorting
What do you think about such a bearish setup? The price bounced from 46.50$ resistance, and we have a strong trend reversal signal based on a bearish divergence. RSI and MACD histogram confirmed the price reversal. It gives us a trade opportunity for shorting.
If the price breaks SMA50, it will be another bearish signal supporting the downward movement toward 43.380$ and SMA200.
These zones can be used as profit targets for short trades.
Risk per trade must be no more than 1-2% from the capital.
If the price bounces from SMA50 and breaks the resistance, we will have to search for new trade opportunities.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks SMA50, it will be another bearish signal supporting the downward movement toward 43.380$ and SMA200.
These zones can be used as profit targets for short trades.
Risk per trade must be no more than 1-2% from the capital.
If the price bounces from SMA50 and breaks the resistance, we will have to search for new trade opportunities.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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