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Light Crude Oil Futures
Long

Countertrend Bullish Butterfly with Low Risk

By cheminacci
Updated
The Potential Reversal Zone on this butterfly pattern is right above a previous major low. Because of this the risk is tiny compared to the reward. (1:10 for target 1), (1:18 for target 2). Entry at 27.74. Stops below 27.56. Potential targets at 29.95, and 31.37.
Note
Structure broken.
Trade closed: target reached
Trade closed: target reached
Target 2 hit.
Bullish ButterflyButterflycheminaccicountertrendcrudeDouble BottomfibaonacciLONGOilwticrude
cheminacci

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