LRC : Bulls are coming?
Updated
LRC looking Bullish since it already got rejected twice at a current 50 Daily EMA. On H1 chart the price consolidates around Daily Mid BB (2.2690).
Chart Pattern : Bullish Flag
The price need to close above 2.2690 to continue it bullish momentum targeting 2.4000.
If the bulls is strong ,the next destination is around 2.7235.
If the Bulls fails to close above 2.2690. Bears will take control targeting the 50 Daily EMA which also at H1 50% Fib Retracement level at 2.1520.
This is just my analysis and opinion.
Wish you have a nice day. Hope this would help.
Chart Pattern : Bullish Flag
The price need to close above 2.2690 to continue it bullish momentum targeting 2.4000.
If the bulls is strong ,the next destination is around 2.7235.
If the Bulls fails to close above 2.2690. Bears will take control targeting the 50 Daily EMA which also at H1 50% Fib Retracement level at 2.1520.
This is just my analysis and opinion.
Wish you have a nice day. Hope this would help.
Note
Adding Confluence :1. Price already break 2 resistance at H1 Chart.
R1 : 2.1050 +-
R2 : 2.3290 +-
This show that the bulls are ready to take over the bears. :D
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