UKOIL SELL PLAN: In a 4Hr time frame, market printing the signals as a complex Impulse reflection; after the reversal from 79.35 enormous abnormalities observed in the price movement.
Currently, market firing the down candle @ 75.18 and an impulse fall correction from 75.87 adding extra fuel to the downfall. The signal has enough potential to break the trend, as consequence breakout action may tend a pullback re-action to stabilise the fall. On the contrary, if the price range continues sentiments with bull means, end the trade at 76.89.
GET READY TO SKID ON OIL.
Take profit: 71.68
Stop loss: 76.89
Risk Vs Reward: 2.05
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Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
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