UKOIL H4 20% CORRECTION setup SHORT/HOLD(NEW)(SL/TP)

9 de fev. de 2023

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UKOIL H4 20% CORRECTION setup SHORT/HOLD(NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: UKOIL H4 chart review
::: chart is LOG SCALE
::: setup still valid expecting
::: 20% gains final TP BEARS
::: continuation setup strong DOWNTREND
::: NOTEWORTHY compression Rising Wedge
::: expecting a STOP RUN near 89 USD/bbl
::: cycle low for oil market at 60 USD/ bbl
::: BEARS maintain strategic control
::: 89.50 BEARS get ready to SHORT/HOLD
::: from overhead resistance / 3 drives
::: BEAR CYCLE not over yet
::: DO NOT BUY yet into BEAR MARKET
::: lower highs 96.50 // 91.50 // 89.50
::: SHORT rips/rallies and get paid
::: 20% gains conservative TP BEARS
::: WAIT for rips/rallies and SHORT IT
::: recommend to SHORT/HOLD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A fresh demand zone
::: N/A fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS / MORE GAINS
::: Sentiment outlook mid-term: BEARS / SUPER CYCLE

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

9 de fev. de 2023

Nota

GBPJPY H4: BEST Level to SHORT/HOLD +250/+350 pips(SL/TP)(SWING)