USOIL - 4H - LONG
Updated
I took this trade because of following bullish signals :
- on daily timeframe, we see a clear cross of TDI and catch-up on the PAC (usually follow up by a run up to the high of BB). However, we are way below RSI 50 so this LONG is aiming for the pull back not a reversal.
- on 4H timeframe, we see also a clear cross of TDI and this time very close to break the PAC. As we are also close the RSI 50, I aim for a pull back to the next S/R drawn in red.
Once again, I'm refining my strategy and trading very small lots on all these idea.
SL is a bit below the PAC because a breaking downside of the PAC would mean more bearish action in the near-term.
- on daily timeframe, we see a clear cross of TDI and catch-up on the PAC (usually follow up by a run up to the high of BB). However, we are way below RSI 50 so this LONG is aiming for the pull back not a reversal.
- on 4H timeframe, we see also a clear cross of TDI and this time very close to break the PAC. As we are also close the RSI 50, I aim for a pull back to the next S/R drawn in red.
Once again, I'm refining my strategy and trading very small lots on all these idea.
SL is a bit below the PAC because a breaking downside of the PAC would mean more bearish action in the near-term.
Comment
Good start for this trade, I'll be looking to close half positiontp and add when green TDI will flatten.Trade closed: target reached
At least a TP achieved!I closed all my position because I couldn't split my minilot so I will be looking to re-enter if daily TF follows my strategy.
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