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.
Note
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.