Looking for a long near 49.76 for a move toward 53.00 / 55.45
Bullish divergence on daily, confirmed with bearish trend line break and close to the upside.
This opens up the upside to 55.45, treandline break target.
However, shorter term charts indicate a retrace in the making with a likely support near the 49.50/50.00 range.
To add to the long bias,
Massive 3 year support seen on weekly charts, with lows since sept 2016 being close to 42.71
https://www.tradingview.com/chart/tbjKlJYX/
This opens up the upside to 55.45, treandline break target.
However, shorter term charts indicate a retrace in the making with a likely support near the 49.50/50.00 range.
To add to the long bias,
Massive 3 year support seen on weekly charts, with lows since sept 2016 being close to 42.71
https://www.tradingview.com/chart/tbjKlJYX/
Trade closed: target reached