Bearish divergence on RSI, looking left to the previous structure, i imagine a retracement in 3 levels, the first one right below at previous Resistance, now Support @87$; Second target around the 61.8% retracement @79.66$; The last one, a full retracement back to the 70$;
How to trade this:
Open a short position that can be divided into three, example 3 lots, 0.3 lots, or even 0.03 lots... Once we get the first target, we will close 1/3 of our position and move SL to breakeven; Once we get the second target, we will close another 1/3 of the position and move SL above the first target, and the last 1/3 to the 3th target to let it run with no risk at all...