Setup: Oxy just got rejected off the 4h 20 EMA. On higher timeframe, Oxy also looks bearish, adding confluence to our chart
Entry: When Macd crosses down
SL: 1 Atr above the 20 EMA( for a aggression trade) or 1 ATR above the 50 EMA( for a safer trade)
TP: Recent swing low at 0.21 or Ride the trend
Entry: When Macd crosses down
SL: 1 Atr above the 20 EMA( for a aggression trade) or 1 ATR above the 50 EMA( for a safer trade)
TP: Recent swing low at 0.21 or Ride the trend