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Jun 8, 2017 5:32 PM

USOIL: Potential Fibonacci Channel Pattern Long

WTI CRUDE OILTVC

Description

Oil it setting up nicely to trade this Fibonacci Channel. Wait for another small pullback and go long.

Target #1 will be at the 50% Fib line, Target #2 set at the top channel line.

Trade active

If target #1 is filled make another entry for target #2. Move your spot loss to lock in profits

Comment

Target #1 reached. Second Entry was placed at 46.00 with a target at 46.50

Trade closed: target reached

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