Brent is in a longer term down trend.
Chart below:
Price has formed a Triple top formation.
Price has broken down through support and the averages.
I am looking for a short position with the longer term trend as detailed below.
Levels and Chart below:
1st Entry: 105.20
2nd Entry: 105.50
Averaged Entry: 105.35
Stop Loss: 105.85
Target: 102.85
I will update again should the position be opened.
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