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iamajeya
25. Jul. 2016 14:46

Crude Oil Falling Wedge Reversal Pattern Long

Crude Oil (WTI)FXCM

Beschreibung

Target on my previous idea reached successfully. If you were following me, then you would have taken half of your profit on target #1 and now take the other half. There is further possible downside to $38 and even lower in oil.

However Oil is creating a falling wedge and lower volumes are signaling a textbook reversal.
Wait for breakout to execute this trade.
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