Oil price has been in consolidation for a while on a daily timeframe.
Hourly chart is currently giving us a potential Gartley pattern.
RR for 1st targets is a bit bellow 1:1 but it is within 5 pips of difference which is acceptable.
If you are aiming for multiple targets, target number 2 will be at 46,38.
Hourly chart is currently giving us a potential Gartley pattern.
RR for 1st targets is a bit bellow 1:1 but it is within 5 pips of difference which is acceptable.
If you are aiming for multiple targets, target number 2 will be at 46,38.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.