Looking at the chart, price is going to go one of 2 ways. (Obviously!!)
We can see that there is a nice little resistance zone around the 38.2% Fibonacci level, if price gets rejected, again, we can expect a a move down, but by how much? Well I don't actually know as the markets have been moving mad over the last few weeks!
If the price manages to break through...
Looking at the chart, we can see a "Bullish Triangle" forming, which could see the price rocket to the upside.
For this, the entry must be confirmed, I will be looking for confirmation via a break out of the Bullish Triangle. Once/if price breaks out of the Bullish triangle I will be entering a long trade with 2 take profits. The first take profit will be at the...
As you can see on the chart, I've predicted a long on the 4HR time frame.
Once the long is confirmed ( a break through of the Intrady trend line and possibly a break above the 38.2% level) I will enter the trade setting 2 take profits, one at the 50% level and one at the 61.8% level.