adnanmagsi

UKOIL: Short from Resistance

Short
adnanmagsi Aggiornato   
TVC:UKOIL   CFD Petrolio greggio Brent
As evident on 4Hr Time-Frame with formation of Bearish Cypher harmonic pattern UKOILSPOT a reversal is possible.


Seasonal Analysis shows JXY & DXY remain Bullish in January over 60% which have negative correlation with Oil. CXY on the other hand remain Bearish in January over 70% of times which indicates a low price of Oil.

TPs can be set as per Fib Lvls identified on chart and stop Loss on or above Point D of Cypher. It is my expectation that price action will retrace to 61.8% Fib level.

Manage your risk accordingly.
Trade chiuso: stop raggiunto:
With Changes in fundamentals of USD and JPY it was quite evident that this technical may fail in short run. So SL Hit and trade is officially closed.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.