Oil Buy Order
Entry: $52.61
TP & RR: $53.79 (3.37)
Stop Loss: $52.26
REASONS FOR THE TRADE
Price is breaking through the upper trendline and unless this is a fakeout I expect it to continue going up until the recent highest high and maybe up until the dotted resistance around $54-$55. The market Flow indicator is showing momentum up and I hate to open a position against it, so I am definitely not shorting anywhere around the current level or unless the indicator shows otherwise.
The only thing I may suggest is for you to change the SL if you are afraid you might get stopped. I have the tendency to place it quite far from the entry, but this time I am taking a bit of a risk. It's your call here.
Entry: $52.61
TP & RR: $53.79 (3.37)
Stop Loss: $52.26
REASONS FOR THE TRADE
Price is breaking through the upper trendline and unless this is a fakeout I expect it to continue going up until the recent highest high and maybe up until the dotted resistance around $54-$55. The market Flow indicator is showing momentum up and I hate to open a position against it, so I am definitely not shorting anywhere around the current level or unless the indicator shows otherwise.
The only thing I may suggest is for you to change the SL if you are afraid you might get stopped. I have the tendency to place it quite far from the entry, but this time I am taking a bit of a risk. It's your call here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.