I've just sold OIL

6 sept. 2019

I've just sold OIL right now.
Oil is ranging into some sort of a range into a downtrend. We are now at the higher part of this range and yesterday we got a nice pinbar on the daily chart.
The bottom of this range is 53 so it give us a decent reward/risk ratio.
On the 1H chart we are just below the pivot and we have a great divergence with the MACD.


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6 sept. 2019

Transaction en cours

6 sept. 2019

Note

It allreday droped a lot so i've mooved my SL at 55.90 to protect the trade in profits.

6 sept. 2019

Trade fermée: ordre d’arrêt atteint

So after a very nice drop it retraced and hit the SL to close the trade pretty much at break even. So no losse here but very disapointing.
Let's search for the next trade.
Have a good week-end and good luck for the next week.