UKOIL Long Idea

Osiris992 Updated   
TVC:UKOIL   CFDs on Brent Crude Oil

Daily bias switched over to long today. no strong resistance till 85.77 visible.

2 potential entries marked on chart along with all relevant information needed to assess long idea.

additional potential entry can be expected at London open.
I usually trade just London session but this setup looks too good to pass on if it presents right away.
but I will wait till the POC is cleared. whether it does this in next 15 minutes or after London opens up, we will see.

Update on this idea -
as expected - had to wait till London session for the long setup.
the second entry now valid since asia session buyer seller ratio confirmed the bias.
Trade active:
tagged in.
entry - 85.36
SL and TP as shown in figure.
will probably leave 10% on after TP gets tagged.
Trade active:
TP hit.
10% left as inside value setups tend to rally more than the others.
Full close TP at 86.00 being a potential reaction area and also a psychological level.

nice break of PWH.
let's see if it holds.

Trade closed: target reached


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