UKOILSPOT H4 | Falling Towards 50% Fibonacci Support

Based on the H4 chart analysis, we could see the price fall towards the buy entry, which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to the upside.

Buy entry is at 63.02, whichis a pullback support that lines up witht the 50% Fibonacci retracemnt.

Stop loss is at 61.88, which is a pullback support that is slightly below the 61.8% Fibonacci projection.

Take profit is at 65.61, whichis an overlap resistance.

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Stratos Europe Ltd (tradu.com/eu ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.