4h chart:
Right now it is fighting around the $43400 level that is a confluence point formed by an ascending trend line and fib level.
Lower targets: 41800
Higher targets: 45800
If we look at it in a simple manner this can be a RR 2 or less trade, depending on your entries. And yes, mid term view is bullish, hence the long trade idea.
15m chart:
Trying to escape the range : My money is that it will !
Daily chart:
Not much changed since the last update, the formation is looking bullish short term
Waves:
The daily waves look perfect for an upwards pointing move, basically all the conditions are met to a future spring to the upside.
Right now it is fighting around the $43400 level that is a confluence point formed by an ascending trend line and fib level.
Lower targets: 41800
Higher targets: 45800
If we look at it in a simple manner this can be a RR 2 or less trade, depending on your entries. And yes, mid term view is bullish, hence the long trade idea.
15m chart:
Trying to escape the range : My money is that it will !
Daily chart:
Not much changed since the last update, the formation is looking bullish short term
Waves:
The daily waves look perfect for an upwards pointing move, basically all the conditions are met to a future spring to the upside.
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