theselfishtrader

Short trade on the horizon?

Short
TVC:UKOIL   CFDs on Brent Crude Oil
Brent has made a new low and tested the 2001 lows at $16.65, forming a number of dojis
Should price rise, there is confluence with the 2016 lows at $27.13, as well as the 50% fib retracement of the recent move lower which I expect to provide some resistance and an opportunity to short this market, with a retest of the lows a very decent target (1k+ pips!)