UKOIL SELL PLAN: In a 4Hr time frame, market printing the signals as a complex Impulse reflection; after the reversal from 79.35 enormous abnormalities observed in the price movement.
Currently, market firing the down candle @ 75.18 and an impulse fall correction from 75.87 adding extra fuel to the downfall. The signal has enough potential to break the trend, as consequence breakout action may tend a pullback re-action to stabilize the fall. On the contrary, if the price range continues sentiments with bull means, end the trade at 76.89.
GET READY TO SKID ON OIL.
SIGNAL SPECIFICATION:
Pair: UKOIL
Order: SELL
Entry: 75.18
Take profit: 71.68
Stop loss: 76.89
Risk Vs Reward: 2.05
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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.