Ongoing sideways range is evident since 2021. This is perfect for mean reversion traders who buy high and sell low within the range. The previous trend was up, so we can anticipate the price will bounce up from here and break above eventually. The American markets are also aiming up, so bullish bias is starting to lurk.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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