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KVE
Oct 12, 2016 5:57 PM

Crude OIL (WTI): Possible double top formed... Short

Crude Oil (WTI)FXCM

Description

It's possible that we are going back down now...
Look for a lower TF setup to sell into a possible down move...

SL above the double top high (± 52)

2 main targets:
1) trendline and/or channel re-test level
2) Possible bat B support...

>> 1 extra longterm target possible: the possible bat D completion point around a price of 29$...

Trade closed: target reached

TP1

Comment

Uptrend channel broken but highly oversold stochastics could give us some bullish movement...
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