We have a triangle pattern in development on daily timeframe possible as a wave B of bigger ABC structure.
Be aware we might still have a last down leg to retest bottom of structure or it can take of from current level or slightly lower.
Either way it will an excellent trade so do not miss one..
Good Luck !!
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Nice bullish price action.
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Please be aware above structure is possible as and at moment momentum indicates second scenario is most likely outcome. I have moved SL to 2.71 level and eventually will be looking for entry near 2.22 level
Hi Pablo, could you please provide an update to this idea now? Looking at your original chart, it did not hit the stop-loss mark and seems to have bottomed based on last week's technicals. Thanks.
Pablo
this scenario is very possible, but it may happen a few months from now, maybe when the summer comes
JMNIK
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Hi Pablo, thanks for this idea on NG. In your last comment, did you mean to say that you are looking for an entry near 2.72 level or 2.22 level? Thanks.