looking up on weekly timeframe, there seems to be a bullish rsi divergence.
If we break out the trendline to the upside, I will look for conformations to fill the fairvalue gap above.
Fundemantally we are not clear yet so i will still hold as a second possibility to the downside. Sellers however seem to be exhausted for now and negative news events dont have such a big effect on price currently.
Results will depend, i believe on geofinancial politics and how things proceed globally. Mainly BIS, Blackrock and central banks.
p.s. upside will be temporary, will be looking to cash in on some profits.
If we break out the trendline to the upside, I will look for conformations to fill the fairvalue gap above.
Fundemantally we are not clear yet so i will still hold as a second possibility to the downside. Sellers however seem to be exhausted for now and negative news events dont have such a big effect on price currently.
Results will depend, i believe on geofinancial politics and how things proceed globally. Mainly BIS, Blackrock and central banks.
p.s. upside will be temporary, will be looking to cash in on some profits.
Trade closed: target reached:
it took a while but here we are, will take some profits from here.