TradingView
Wave-Trader
Dec 3, 2018 10:23 PM

UKOIL Time to look for Reversal  Long

FX:UKOIL1W
Crude Oil (Brent)FXCM

Description

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Hi there,

UKOIL was falling strongly. We are having some nice price action on lower time frame watch bottom for buy and look for longer term reversal.


How you can trade on this chart.

1. Watch lower time frame correction and look for breakout and buy breakout

Or

2. Let the price fall for one more short term bearish wave on lower time frame then look for 1st impulse and join that.

In case price will keep pushing lower we will remain short term bearish but we will remain longer term bullish on UKOIL.

Please support the setup with your likes, comments and by following on Trading View thanks

Good Luck

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Trend AnalysisChart PatternsWave Analysis
Comments
PowerOfCapital
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Sorry, It looks totally wrong.
ninobrawzy
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Is it late to jump in the buy order?
Black_fxx
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i have a different view of it. what do you think on this view mr Imran
MAURA1481
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@Black_fxx,either 48/OR $55
Hobby_trader
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Daddy! You just draw there in your chair leaning backwards. This is not an ascent, but a backing of a bottom before the ascent!
Didn't you look at this?
ngaprock
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How can you know Half December 2018 is bottom of this downtrend? Tks.
Grayfox67
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Good day, If we closed below the $62 on weekly basis, $62 for this week, then we will continue with the bearish tone. Else $63.75 will be our next target.
Jeregene
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Consolidation period. price around $65 or less.
PowerOfCapital
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That is a brave anticipation! Let's see how it unfolds.
OmarNAMOUCHI
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MBS and Putin are already celebrating the rise of oil with high five in front of Trump,
Cheers Boss
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