KiriaTrader

BRENT CRUDE #OIL IS COMING BACK TO THE STRONG LONG POSITION

Long
TVC:UKOIL   CFDs on Brent Crude Oil
Hello,

We have a very good comeback for brent crude oil. If you are following this pair since, from the recruitment period you might note that pair is growing steadily and this the point that I saw too.
Lets, discuss some different tools, what I used for the careful forecast. As you see I used two different and very attractive pitchfork, which I'm going to discuss right now.

#1 Simple #pitchfork
As you see from the lowest point and the next highest point I found the trend line, which is out of the standard pitchfork and it didn't follow the borders of the fork. For me, it means that Brent crude oil either long or short position, which was not guaranteed for more than 50%. ( When I see the chances are more than 50%, I always follow this trend!).

What the next decision?!

#2 Schiff Pitchfork
And here we are! DOo you see the borders of the trend and exactly tunnel where brent crude oil is increasing? This is another positive hint for me to choose a very long position and follow these lines right now.


And the last part of my forecast!

I never forget SL and TP part, what I already mention on this pair and please, use them too.

I wish to receive your, follower, likes, or comments and we can discuss it.



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