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Crude Oil Bullish Bat Harmonic Pattern Formation

Crude Oil Bullish Bat Harmonic Pattern Formation

Published: 07-31-2018

Pair / Instrument: CRUDE OIL

Time Frame: M30

The trend in the Timeframe: NEUTRAL

The trend in the Daily Chart: BULLISH

Description: Crude Oil tested 70.50 resistance and dropped – triggered by the latest news from OPEC.  If the price breaks below 69.50, we may see the price test 69.00 support. We have a Bullish Bat Harmonic pattern which will be completed at 68.95. Possible bullish retracement at D.

Trade Based On: Bullish Bat Harmonic Pattern

Accuracy: %96

Trade: LONG

Entry: 68.90 – 69.00

Stop Loss:  68.65

Take Profit 1: 69.50

Take Profit 2: 70.20

Note: Wait for the entry alert.

You can follow the idea: CRUDE OIL Bullish Bat

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

CRUDE OIL Bullish Bat:  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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