Trading Idea on UKOil

١٨ أبريل ٢٠١٩

Price is currently at a major supply zone, so I'm expecting to short. From this H4 analysis, we have a rising wedge that has formed as price is heading towards the peak of the channel. It is also obvious that the RSI has formed a divergence for over two weeks. In addition, I'm expecting to see a head and shoulder formation, therefore a sell limit at 72.76, Sl 75.63 and take profits at 70.39, 68.75 and 66.15 will be considered