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oil is just coming to end of correctionoil has been on an upwards trajectory ever since the April month and has done a series of Elliott waves followed by consolidation and corrections. to which point we are currently at the phase of a possible correction ending. before the start of a new trend. if you guys can help keep and eyes out and share input into the comments I'm sure we can identify the next pattern and jump on to the next trade. happy to help with any questions. remember. the trend is your friend.
OANDA:BCOUSD
by redbullbestbull
Stop Loss Hunting for USDCADFor this pair, Now the price is at the bottom of the range structure. From what iI anticipate that those who buy just from looking at the support and resistance will place their stop loss right bottom of the range stucture where the stop loss hunting will take place and wipe off all the buyers and also the FOMO traders who bought earlier. So when the Stop Loss hunting is done, then Most traders will think that this is a Sell opportunity which will trick them into selling. this way they will continue the initial move up after taking all the stop loss.
Long
by Haarshy-2ndlevelhunter