I've seen this setup play out before and it's a beauty. $O is looking strong on the 1H chart, currently trading above the upper Bollinger Band. I'm taking a long position at 0.559900 with a stop loss at 0.516964, targeting 0.603400 and 0.648200. The RSI is at 68.1 and the MACD is positive, giving me confidence in this trade.
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