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Brent Trading Analysis (09/07/2024)

09.07.2024

Market Review

The trend is up. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold state.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
Stop-loss at 85.94.
Price targets at 87.00 and 88.20.

#brent #crude #crudeoil #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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