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khansalarehsan
24 ינו׳ 2019 17:06

A great opportunity to go Long OIL  לונג

West Texas OilOANDA

תיאור

After a huge drop in OIL price, recently this market has been forming an inverted H&S on daily Timeframe. The nearest major resistance is at 62. Whether it can reach to 62 or not, depends on USD and CAD as oil price is positively correlated to CAD and negatively to USD.
If the neckline breaks on OIL market we should be able to see USDCAD flag formation to be broken down too.

הערה

Opportunity to add at 53.69 where most of the sellers SLs are ...!

עסקה סגורה: היעד הושג

Closed with 169 pips of profit
As you can see trade opened at 52.74 and closed at 54.44
Thanks for following,
Khan
עוד