After retesting a strong support level at 4.05 we had a nice bounce off. Have been consolidating in this ascending triangle for the last couple of weeks. Now we are completing the 5 Elliot Waves pattern. Bulls gaining momentum.
If we manage to break through the upper triangle resistance level we can expect the price to reach 4.30 which converges with the 1.618 Fibo level of the last bull impulse.
Simple as that!
Great Risk Reward Ratio: 3 !
TP: 4.30
SL: 4.139
GL&HF ;)
If we manage to break through the upper triangle resistance level we can expect the price to reach 4.30 which converges with the 1.618 Fibo level of the last bull impulse.
Simple as that!
Great Risk Reward Ratio: 3 !
TP: 4.30
SL: 4.139
GL&HF ;)
