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Forex Analysis & Reviews: Trading tips for oil
time 05.12.2022 11:46 AM
time Relevance up to, 06.12.2022 10:36 AM

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Market players reacted positively to the price cap that was imposed over the weekend.

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This, along with the three-wave pattern (ABC) in oil, opens the opportunity for traders to enter the market by buying according to the scheme shown above. Set stop-loss at 80, then exit upon the breakdown of 82 and 83.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2023
OilUSD
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