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emiltw
Nov 14, 2015 10:41 AM

AB=CD pattern on WTI Crude Oil Long

Crude Oil (WTI)FXCM

Description

AB=CD Pattern formed, expected price will have a rejection at the range of 40 to 41.
We will wait for a breakout/ reversal signal and aim for target 43.40 and 45.60.

Comment

Target Profit 1 hit!
But after that a hanging man formed, following with a 3 dark cloud cover,
If the price able to move back to resistance area and breakout,
the but signals still exists.

Trade closed: stop reached

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