Looking for a long near 49.76 for a move toward 53.00 / 55.45
Updated
Bullish divergence on daily, confirmed with bearish trend line break and close to the upside.
This opens up the upside to 55.45, treandline break target.
However, shorter term charts indicate a retrace in the making with a likely support near the 49.50/50.00 range.
To add to the long bias,
Massive 3 year support seen on weekly charts, with lows since sept 2016 being close to 42.71
https://www.tradingview.com/chart/tbjKlJYX/
This opens up the upside to 55.45, treandline break target.
However, shorter term charts indicate a retrace in the making with a likely support near the 49.50/50.00 range.
To add to the long bias,
Massive 3 year support seen on weekly charts, with lows since sept 2016 being close to 42.71
https://www.tradingview.com/chart/tbjKlJYX/
Trade closed: target reached
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