USOIL - D - LONG
Updated
This is an experimental trade, still to understand better how to place SL and TP.
On daily I'm already late on this bullish cycle as we printed 4 strong candles and it's likely to have a correction. The question is : "will we breakthrough 50 RSI easily?" PAC seems to be broken.
4H shows that TDI consolidation could still mean for a rally in PA.
On daily I'm already late on this bullish cycle as we printed 4 strong candles and it's likely to have a correction. The question is : "will we breakthrough 50 RSI easily?" PAC seems to be broken.
4H shows that TDI consolidation could still mean for a rally in PA.
Comment
Take half profit at 50 and do the usual combo SLbe, target TP2 51.56.Trade active
Of course this one looks good.On weekly we are printing a pullback that could at least bounce to the red TDI and the red line (on 4H TF). So I will probably switch 25% to TP2 and 25% to TP3 52.5.
Trade closed: target reached
TP hit! It's fine because I don't want to be in an Oil trade during OPEC meeting...
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