dionvuletich
Long

UKOIL 4hr Possible turning point/ 2x gartley patterns

FX:UKOIL   Crude Oil (Brent)
127 2 0
Looking for a possible rally in Brent, similar to Crude,
I prefer the 30.25 level than this one but might put a small position on and see... the 30.25 is the last line in the sand short/ medium term.. it is busts that level it will open up the downside once more and could see mid to low 20's

Has three potential targets 33.60, 38.20 and possibly 42.22.. longer term charts look bullish but this base would not be considered a strong base in my opinion so rally could be limited

Has a bit more work to do to form a long term base in Brent
Trade closed: target reached: 12:1 Winner - Nice....!
Not bad for 6 week swing trade

Related Ideas

Aggressively trailing stops on last portion now could be a 11.18 winner to second target
Reply
Nice winner 7.9:1 R:R to first target... looking to run to 42.32
Reply
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