The price is in an uptrend channel and for the moment is around the extreme of the consolidated trend line, so that means an opportunity to entrer the market at a cheap risk in comparisson to the possible reward, but the everithing depends on the price action.
So for the next week I will be looking the behavior around the 52.70 area in order to determinate what is the willingness of the market to keep pushing higher or lower, so if the price is unable to make a new low then a possible long entry could be triggered in a lower time frame, but as said before it depends on the price action
So for the next week I will be looking the behavior around the 52.70 area in order to determinate what is the willingness of the market to keep pushing higher or lower, so if the price is unable to make a new low then a possible long entry could be triggered in a lower time frame, but as said before it depends on the price action
