Shrort OIL with direction of higher timeframe trend
1. Momentum divergence on 5 min chart appeared at 50% fib retracement of recent move down, formed with overbought RSI.
2. Trade short on break of the purple trend line targeting recent lows.
SL: 49.60
Target: 48.60
2. Trade short on break of the purple trend line targeting recent lows.
SL: 49.60
Target: 48.60
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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.