Crude Oil Bullish Bat Harmonic Pattern Formation
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
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