lucamodena

Price broke 200 MA. Looks bearish!

Short
lucamodena Updated   
FX:UKOIL   CFDs on Crude Oil (Brent)
Hi All,

We have a bearish harmonic (butterfly) pattern here. Price broke through 200 MA which was retested and strongly rejected.

I think that in the next few days we may observe another attempt to retest 200 MA and after that the price will head toward our TP1 target - 57.5$

Let's see how this scenario plays out.


GL & HF ;)
Comment:
TP 1 reached

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