XOM Trade Idea... 🎯 Entry Plan:
Base Entry Zone (accumulation):
ENTRY OPTION 1: $110.60–$111.50 → Retest 12-moving average
ENTRY OPTION 2 momentum trigger: Bullish reversal candle on 2H or 1H + reclaim of $113.00 (this means let price break above $113 after you get a fresh inverse Arc or Level 3)
You will be looking for a break above $113.00–$113.50 with strong volume = direct continuation entry
🛡 Stop Loss:
Hard stop: $109.63
🏁 Take Profit Levels:
TP1: $113.63 → Near-term ceiling
TP2: $114.98
TP3: $116.64 → 2x ATR
TP4: $118.90 →
TP5 (macro): $123.41 → $135.41 → Swing level only for Aug expiry holders. "These levels can be hit if the war causes an oil shortage or oil prices to remain elevated"
Base Entry Zone (accumulation):
ENTRY OPTION 1: $110.60–$111.50 → Retest 12-moving average
ENTRY OPTION 2 momentum trigger: Bullish reversal candle on 2H or 1H + reclaim of $113.00 (this means let price break above $113 after you get a fresh inverse Arc or Level 3)
You will be looking for a break above $113.00–$113.50 with strong volume = direct continuation entry
🛡 Stop Loss:
Hard stop: $109.63
🏁 Take Profit Levels:
TP1: $113.63 → Near-term ceiling
TP2: $114.98
TP3: $116.64 → 2x ATR
TP4: $118.90 →
TP5 (macro): $123.41 → $135.41 → Swing level only for Aug expiry holders. "These levels can be hit if the war causes an oil shortage or oil prices to remain elevated"
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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.
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.