FXPhantom

Shrort OIL with direction of higher timeframe trend

Short
FX:USOIL   CFDs on Crude Oil (WTI)
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

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.