Ahmxd94

potential short confirmed by red candle with long wick

Short
FX:UKOIL   CFDs on Crude Oil (Brent)
reaching a major resistance point the price line at 45.17 was rejected and the price came down with a red candle and long wick to indicate for a potential short position at 45. I expect it to re test support at 42.
-RSI mixed to bearish
-45.69 reached 0.618 retracement
-previous support now resistance at 45.17-45.71
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.