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Crude Oil Inverse Head And Shoulders Pattern

Crude Oil Inverse Head And Shoulders Pattern

Pattern/Description: Potential Inverse Head and Shoulders pattern. If the price breaks out the neckline, the pattern would be validated.

Time Frame: H1 / H4

Accuracy of the Pattern:78 %

Setup No: CRUD090701

Recommended Lot: 0.30

Trade Period: Scalping / Intraday

Active/Pending: Pending

Trade: Long


Stop Loss: 57.50

TP1: 58.60

TP2: 59.30

TP3: 60.16 / Reached

The trend of the Timeframe: Bullish

The trend in the Daily Chart: Neutral


Trade Reached Targets



Warning and Things to Pay Attention:

  1. Harmonic Patterns are reversal patterns and mostly against the main trend on the chart they appear.
  2. Target levels are determined by MM Calculation as the pattern has not been completed yet. They may vary 3-5 pips according to the completion level of the predicted patterns.
  3. Pay attention to Time Frame, Trade Period and Estimated Completion Time, Accuracy and Recommended Lot Size clauses mentioned below.
  4. Do not risk more than 2% in one trade setup.
  5. We usually book partial profit at the first target and move our stop loss to entry or break-even level. Use your own risk/profit management to exit the trade.
  6. We are publishing potential opportunities. There are no certainties and traders bets on possibilities. Read the setup carefully before entering a trade and take your own decision.
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