However medium term I think we need a leg lower to test 42.50 zone. I will therefore be looking for a buy first (15min time frame), then see whether price breaks out and stay in the trade, or take profit and shift my bias for 42.50.
Once we reach that area we need to determine whether the consolidation is ending or a break might be next.
I will update all three potential steps and trades. However first things first which is in this case a potential buy continuation trade on the 15min time frame.
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