UKOIL: Short from Resistance
تم تحديثه
As evident on 4Hr Time-Frame with formation of Bearish Cypher harmonic pattern 
UKOIL 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.
UKOIL 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.
أغلقت الصفقة: تم الوصول لوقف الخسارة
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.
منشورات ذات صلة
إخلاء المسؤولية
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