This is a short term trade. The price moved above the cloud. From this moment we should search for buy opportunities only. The local high is a good level for placing pending orders for buy. It's 4380.00 level. Stop orders should be placed below the local swing low and the uptrend line at 4135.00 level. The main profit target is 4600.00 resistance level .
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Yeah, usually @DLavrov is more spot on. I shorted, the opposite of here, as I saw the Week charts have high RSI for the past 5 weeks, as well as MACD signal having crossed the blue line. My hunch was it was going to continue a downward trend back into our main line channel that spans It wasn't perfect, but sold at 65 and rebought at 58 for a nice refuel.