In strong upside trend, and after a 50-61% fib retracement, the Ichimoku shows support under the actual price, the strenght in favor of the bulls and a wide open buy signal.
So i propose longs once the price gets over the last recent high, at least till the 97 high.
Stop close only under the 44.5 (to have an aproximate risk reward of 1 to 2.19 ratio.
So i propose longs once the price gets over the last recent high, at least till the 97 high.
Stop close only under the 44.5 (to have an aproximate risk reward of 1 to 2.19 ratio.