OIL break structure and wedge

OIL break structure and wedge

if price pull back to 74.40 we can short the pull back

SL above 75.30
TP1: 72.50
TP2: 71.00

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wait for the pull back
the 0.618 + structure

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sold from 74.40, now.is 73.70
win 70 pips.

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beautiful retest, and here we go, we sell.high and.make.money

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for thoese who short from 74.40, its good to take partial profit and hold the rest.
1. u earned real profit
2. u reduce the risk-exposure

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now.is.73.13, already win 130 pips

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First Targrt Hit, 72.70
this.trade.win 170 pips

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72.30 +210 pips

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OIl make a doulbe top in 4h time frame.
good to hold the rest position from 74.50

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Get ready when Oil break down the neck line,
sell the pull back :)

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STEP 1 : Find a break out. did you see ?

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STEP 2: wait for pull back or inside bar :) VERY Good, Akhalifeh!

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now is 71.45, approaching TP2
From 74.40 till now, is 300 pips.
Again, this trade belongs to Type A Trader, lose small and win big.

Trade closed: target reached:

90% of TP2 HIt, + 320 pips
Risk: Reward Ratio: 1 to 3.9

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3.79

Trade closed: target reached

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Now is 69.88. for the balance position, you can take profit any time.
+400 pips

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wow 68.12 NOW!
enjoy the profit

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NOW IS 66.
+740 PIPS