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Brent Crude Oil

OANDA:BCOUSD   Brent Crude Oil
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Brent crude oil             fell after touching retracement of 113. This is the first signal if the chances of this pattern will form a "cypher". but still very risky if open short positions now because candlestick still live in an uptrend. the right time to open a short position is when the price broke below the trend line . if using the current price, you can set the target price range of 49.54 to 47.80. stop loss if prices return to trend line channel.

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