Short UKOIL (long term trade setup)

Look to go SHORT at UKOIL at current level.


Take profit 1: 64.65
2: 59.60


Happy trading.

Greetz JP

Comment:

take profit 1 hit. Hold the positions and us a stoploss set around the last high on the 4 hour candle and let it run for take profit 2, or if you fine with these profit close the position.

Greetz JP

Comment:

take profit 1 was hit.

You can take profit right now.
Also you can let the position run, however, at the 4 hour price is bouncing at a resistance so oil may get higher from here.

Greetz JP