theselfishtrader

Bullish breakout on the horizon?

Long
TVC:UKOIL   CFDs on Brent Crude Oil
Price appears to have started a new bullish rotation with some follow-through after the large outside bar on 1st Nov.
Price consolidated and broke to the downside on Friday, which was swiftly and powerfully rejected.

Expecting a continuation of the move higher, I am looking for a swing long (as seen on charts), with targets at:
TP_1: $64.50
TP_2: $68.00

Both targets have confluence with the dominant structure fib levels.

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