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FOREXIR
Feb 7, 2024 8:09 AM

BCOUSD 

Brent Crude OilOANDA

Description

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#Brent crude oil - H1

📣 Based on the chart structure in the 1-hour timeframe, with a break above the downtrend line around the 79.24 level, one can consider buying with a target of 81.00.

â›” Stop Loss: 77.80

On the other hand, with a break below the 77.80 range, one can be optimistic about a price decline towards the 76.00 range.

â›” Stop Loss: 79.24

Trade closed: target reached

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