A price action above 47 supports a bullish trend direction.
Bullish confirmation for a break above 48.
The target price is set at 50.
The stop-loss price is set at 45 (its 23.6% Fiboancci retracement level).
Concern is however that the price action is extended to the upside.
The bullish flag pattern might support some upside potential.
Remains a risky trade.
Bullish confirmation for a break above 48.
The target price is set at 50.
The stop-loss price is set at 45 (its 23.6% Fiboancci retracement level).
Concern is however that the price action is extended to the upside.
The bullish flag pattern might support some upside potential.
Remains a risky trade.