In the last idea, I was waiting for the continuation of the slide down with the first target 27600 and the second 26700, the price reached the first target and reached 27100 on the futures, currently trading around this zone.
Now the volatility has increased a bit and the price is consolidating around 27600, with an upper bound of 27800-27900, and a lower bound of 27100-27200. On that basis, I will look to buy when the price goes above 28000 with stops below that consolidation, I will look to sell if there is a false breakdown of that zone and the price returns below 27000 to break 26700, with a target of 26000, there is quite strong support in that zone.
An important date this week that will have an impact on price is the release of US Q1 GDP data on April 27, expectations 2% current 2.6%.
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Good luck and profits to all.
Now the volatility has increased a bit and the price is consolidating around 27600, with an upper bound of 27800-27900, and a lower bound of 27100-27200. On that basis, I will look to buy when the price goes above 28000 with stops below that consolidation, I will look to sell if there is a false breakdown of that zone and the price returns below 27000 to break 26700, with a target of 26000, there is quite strong support in that zone.
An important date this week that will have an impact on price is the release of US Q1 GDP data on April 27, expectations 2% current 2.6%.
Support author subscription ✅ and rocket start 🚀.
Good luck and profits to all.
