Hi traders! Today, UKOIL has seen a move to the upside from 70.88 to 71.75. 1 of the following 2 scenarios could occur: - Scenario 1: (ideal scenario) As price has re-entered the daily and hourly resistance region highlighted in a pink/purple box at the top. Price has previously rejected from this resistance zone and on the 1H, there appears to be a double...
UK OIL Trading idea The price moved down so powerfully yesterday. Exchange rate showed that someones want to move the price down. I think it is better to wait when the price will make pull beak up to mirror level $76.32. Near that level will be the best place to open Short position. S/L: $77.75 T/P: 72.20
Hi, Traders I am expecting one more upside because it is in a correction formation. Note: This is mere a idea not a trading signal to trade. Trade carefully ! Thank you for your support