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BCO

BCOUSD - The big pictureBCO broke out of a reversed H&S pattern and now came into some resistance. It is accumulating in a triangle formation which suggests a continuation, however, I don't rule out that it will pop on the downside. For now I am watching it, but given that this pattern is visible on a weekly chart, I will pyramid heavily into either direction it chooses. For now I am just messing around taking scalps into the pattern as I just did today. Be careful not to be caught on the wrong side of a trade with it though, as a monster is about to emerge from the water.
OANDA:BCOUSD
by FXbrawler
[BCO][BRENTCRUDEOIL]Sweet retracement followd buy a trend switchHello everybody! First time for BCO. I have bee asked to put a daily chart. then let's go. Anyway, No risk plan Ahead. WIN WIN situation. BCO touched a major resistance and it's now retracing to it's .5 fibo lvl. Match plan : 1 - take (BUY)the retracement ( at least 260 pips ) 2 - when PA is in the Sell Zone, Sell what you bought. 3 - Wait until it retraces a little and (if not invalidated) -->Sell ------------------- I Will be coming back with a hot zone if asked. Questions ? Ask them. **Never forget your helmet when you take the right candle** **Enjoy trading ! it's thrilling" and **SL should NOT and almost NEVER be beyond 10 pips! JUST Wait for the right moment to get in ( Currencies )*** **I am trying to be as much precise that I can. ** **Use TradingView as a confirmation tool for your own strategy** **Please study hard before placing your money on Forex** Look at my other ideas right Below. **You like what you see ? give it a thumbs up**
OANDA:BCOUSDShort
by KinkoHyoTrading