Here we have a valid pattern along with valid move on FX:USOIL . Both patterns are completing right at the 127.2% fib extension level. We can probably wait for an even deeper CD leg completion, in order to get better risk to reward for this setup. Stops and targets are labelled on the chart above.
NOTE #1: Crude oil inventories news event is coming up today @ 11:00 AM (EST).
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