ernstschwarz

UKOIL Sell

Short
ernstschwarz Updated   
TVC:UKOIL   CFDs on Brent Crude Oil
Double top formed.
Several targets downside. Open 3 trades to be able to close one after the other.
Monitor the setup for a potential 2168 trade entry coming days.

dont risk more than 1% on your stopploss which of course needs to go above the double top.

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have fun!
Comment:
you can enter short after this double top or wait for further confirmation (=price forming lower low and then retraces). i would take the 2nd option and remember not to risk more than 1% and calculate your risk!
Comment:
of you are in the sell already... i think it is likey that we ll see a retracement to the broken neckline.... so good to take some profit before the retracement
Comment:
good to take some profit here at the trendline. maybe we can reanter lateron
Comment:
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