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Crude Oil Bullish Cypher and Long Opportunity TP1 Reached

Crude Oil Bullish Cypher and Long Opportunity TP1 Reached

Description of the pattern: Crude Oil completed a bullish Cypher Pattern on the H4 chart. A bullish correction is predicted.

Trade: Long

Time Frame: H4

Trade Period: Intraday / Midterm

Estimated completion time: 2-10 H4 Candlestick

The trend in the Timeframe: Bearish

The trend in the Daily Chart: Bullish

Trade Based On Bullish Cypher Pattern

The accuracy of the pattern: 93 %

Recommended Lot Size: 0.10 at 10K

Trade: Long

The Area Of The Entry: 52.30

Stop Loss: 51.80

Target 1: 52.80 / Reached 

Target 2: 53.70

Target 3: 55.30

Ultimate Target:

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

CRUDE Oil: 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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