XOM - Bullish Trade ideaXOM 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"
