OIL corrective structure about to finish
Updated
ABCD corrective structure pulled back to 0.618 area, also a bearish harmonic pattern. Strong resistance from 50.80 to 51.20 and a good risk&reward ratio.
Comment
If price pulls back to 50.45-50.50 area and a reverse candle is observed, probably could add short entryComment
Comment
Some thoughts on USDCAD, Watch oil drop to 49.25-49.40 area. Based on the pattern of USDCAD, oil might pull back from that area. Don't chase the price, short the pull back!Comment
Nothing has been really changed yet. Would like to see the data reaction tomorrow. Set a comfortable stop loss and that's it!Trade closed: stop reached
Still entered early, not patient. Reexamine it later.
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