TRIAS - Next month is critical
I like this setup for a long here from 3.80-3.90 holding above 3.80. A good push up into the first red band would be ideal, then the second and beyond into new yearly highs. RR is great as stop can be tight. Lose 3.80 and expect 3.20.
However, failure to get above the local high is bearish (double top) and I would be looking at a .618 to .786 retracement.
However, failure to get above the local high is bearish (double top) and I would be looking at a .618 to .786 retracement.
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