a) The price is on an ascending
b) Currently, we can observe a clear corrective Structure (Yellow lines)
c) The next we have is a weekly one (light blue )
d) Based on the technical elements we have our conclusion is: If the price breaks above the corrective Structure, that will give us a high-quality scenario for long trades towards the next
e) The Risk-Reward Ratio of this trade is 1 : 2
f) We will move our stop to break even at 6200.00
WEEKLY CHART: (Understanding why we choose that target)
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