SergeantPringles
Short

UKOIL - 30M - Double Double Top

FX:UKOIL   CFDs on Crude Oil (Brent)
138 0 3
this is a followupw to yesterdays idea in usoil             - link below. I just like the overall ratios a bit better on ukoil             for this trade so posting it here.
setup is pretty clear. we started a downsequene based around the doubletop and im now looking for possible continuation to the downside.
this wont be a major dropoff in oil             , i dont think, but you can still make some profits.

i will be selling recent resistance with stops above the most recent (small) swing. if we cant make it up there but instead make new lows for the day i will be tryin to hope on as quickly as possible if we can see followthrough.
Comment: just took half off. since we coming into an area of abcd/harmonic/fibonacci confluence.
for the second half i see if we can come down into the 39-40 area based on the overall picture
snapshot
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