Oil price may breakout

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Price seems to be stalling on the one time frame with the formation of a recent inside bar from the recent uptrend. Volume is decreasing which also confirms price is stalling. History shows when an inside bar forms in the middle of a trend and declining volume, price may breakout in either direction. I have placed a long and short trade because I am not sure which direction price will go. I will keep both orders open so if a false breakout occurs and prices moves the opposite direction a second order will be opened and hopefully profit from the breakout.

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ملاحظة

short trade opened, then price reversed and stopped out. Long trade opened.

٢٠ مايو ٢٠١٧

أغلقت الصفقة: تم الوصول للهدف

Long trade closed at target. The loss on the short trade was less than the gain on the long trade resulting in profit.