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Trading the macro events is all about preparation. What does it mean to be well prepared? Richard explains how professional traders prepare their scenarios to trade the macro news announcement. He breaks down the OPEC announcement about Oil production starting with the most expected scenario, the main narrative. He then continues and builds less expected scenarios and their possible implication on the price. What makes the move in the price of Oil to continue or reverse after the announcement? Watch the video to find out.
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