Elliot wave , confirmed entry by ichimoku with a low risk ratio
The price is making a pullback in order to continue its upward movement
trendline breakout in short time frame.
The price may go deeper in order to make the 5th wave. X There are many ways to count waves, this is not an absolute prediction X
the 50% fib level aligning well with the structure to the left.
The price is back in the sell zone, We should wait for a rejection before going short
Waiting for the price to retrace the structure and reject
A Retracement is expected from here. Risk/Reward 1:4 Profit : 2% Loss : 0.48%