LesLeso

CRUDE | Ascending Channel Double Top Reversal Play ;)

Short
TVC:UKOIL   CFDs on Brent Crude Oil
On the HTF we have an ascending expanding structure from which we broke out of in a separated ascending channel at the HTF Double Top Highs. Price has pushed down and broke out of said channel and now it looks like we're forming a correction after the breakout. The SL size is a little too large for my liking to place an order now. We'll wait to see if we can get a tighter entry like smaller correction after the breakout.

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