FX.co - UKOIL broke above descending trendline and holding above short term ascending trendline!

2020-05-15T06:49:10

Long-term review

Trading Recommendation

Entry: 30.92

Reason for Entry: Ascending trendline support, 23.6% Fibonacci retracement.

Take Profit : 32.21

Reason for Take Profit: graphical swing high, -27% Fibonacci retracement

Stop Loss: 30.52

Reason for Stop loss: descending trendline support

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ UKOIL broke above descending trendline and holding above short term ascending trendline!