I opened trade with TP: 123.349 and SL:117.548. SL is directly below the channel where the price is trying to penetrate(red lines) and TP is R3 from the YPP.
Please consider your own research and use SL or hedge.
I am expecting the travel to 123(June 2016 high) to continue when the price break above the channel which is forming now. In a meantime small retraction to 118.5x(100dMA) is possible to happen just to confirm.
I will update on the entering trade.
Just found out this interesting development. Looks like the price was stopped few time by MPP R1 and now is approaching it again. I expect 119.79x to be reached again soon. my initial set up is 118.789 entry point, SL 118.171 and TP 119.793
On the technical side the minimum targets for a Vth wave flattening trend that started since 2011 have been met. This completed sequence show's there is plenty of room to steepen over the coming Quarters.
So far we have seen wave A and B of an incomplete ABC. Well done all those who are riding the 'C' leg with us.
Best of luck to those who are positioned for...