FXPhantom
Long

LONG OIL on price/momentum divergence targeting missed pivots

FX:USOIL   Crude Oil (WTI)
232 2 4
1. Divergence price/momentum with oversold RSI
2. Trend line break
3. Missed daily & weekly pivots above the price

Go long at this level targeting:

1. Short term - missed daily pivot
2. Longer term - missed weekly pivot

SL goes below the recent low
FXPhantom
a year ago
ChaCHING!. Closed 3/4 of the position on the spike. Moved stop to BE and left 1/4 for the possible ride to missed weekly pivot.
Reply
FXPhantom
a year ago
Price reached the second target. I am closing the position. It was nice and fast gain.
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