VantageMarkets

BCOUSD Potential For Bullish Rise

Long
OANDA:BCOUSD   Brent Crude Oil
On H4, with the price moving within the ascending trendline and breaking the ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 95.361, which is in line with the 23.6% fibonacci retracement to the take profit at 99.718, where the previous swing highs are. Alternatively, the price may drop to stop loss at 90.345, where the swing low, 100% fibonacci projection and 61.8% fibonacci retracement are.

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