fbRetrospective OPEC + may postpone increase in oil production | CADJPY 2020-11-04 | IFCM Iran
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Retrospective of Technical Analysis CADJPY From 2020-11-04

OPEC + may postpone increase in oil production

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Buy stop80,5
Take profit86,3 and 97,7
Return on Investment +14,3%
Overview date 2020-11-04
Date of the closing positionfrom 2021-08-19 to 2021-09-23 and from 2022-03-30 to 2022-04-04

The chart shows the real change of quotations after the publication of technical analysis on 2020-11-04. The pending order from this analysis was executed and the position was opened. Next, we shall move the stop to the next fractal low following the Bollinger Bands and Parabolic SAR signals at the 4-hour charts. Thus, we are changing the potential profit/loss to the breakeven point. The position shall be closed when the price meets the Bollinger bands, the Parabolic SAR, the trend line and the fractal indicator.

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