breakoutfakeout

US oil upward sloping hourly 200. Buy

Long
CURRENCYCOM:OIL_CRUDE   Crude Oil
Oil looks good for a long risk on trade with stop just below 25.5 and first proper resistance at 27.9 which is just below the rising 200MA. Oversold on 4hr and 1hr chart with rising momentum and a divergence at the low on 5 min charts with a powerful reversal candle.

Could go much higher but seems like a good take profit zone in the first instance. I've actually already been in on this trade and taken 70% of my profits already, so now holding the rest, so if I get stoped out I'm already well in profit. I'm going to launch the telegram channel soon for more real time trades as I do them. Hope you get some profits here anyway and I get more... buy.
Trade closed manually:
We got half way to target for some additional profits, with a stop loss on the remaining 15% of position. A great trade!

About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.




Telegram coming soon.
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