UKOIL - buy after retest🔥Pair is in the global trend direction. For the last month, the price was in a range and made breakout a local trend line. There has been no retest yet. And this is a good opportunity to wait for a good entry point.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ukoilanalysis
UK Oil Buy Trade SetupHi Traders
Brent /UK Oil (H4 Timeframe)
A high probability, entry to go LONG has formed @ 65.51 after the market found support @ 65.03. Only the downward break of 65.03 would cancel this bullish scenario.
Trade details:
Entry: 65.51
Stop loss: 65.03
Take profit 1: 67.83
Take profit 2: 69.59
Take profit 3: 72.46
Score: 10
Strategy: Bullish wave LL TF
||UKOIL FLIRTING WITH 50.5X SELL OFF ? (CONTINUATION)We are into the 3rd week of 2021 after we had a bounce off 57 highs on oil the previous week
huge trend line touch (3rd touch) crucial for a rejection to the downside with evidence of a continuation pattern( head and shoulders) with price selling off a solid 200 points as of last week
Price is currently hovering around the neck of this H&S pattern and very likely to continue downwards as we head into New York session after we gained some momentum at the open.
Potential targets are 1:9/10 risk reward position ,lets see how it fairs out .
UKOIL - will be a breakdown trendtrend support may not be able to withstand.
Two peaks show the reversal.
what do you think? there will be a breakdown
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
UKOIL - BRENT OIL - Sell - Daily ChartUKOIL - BRENT OIL - Sell - Daily Chart
Sell @ Current Price approx 43.38
Sell @ Pull back to approx 44.18
Take Profit @ 38.88
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Wishing you successful trading 🙏
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