With a possible expanding flat completed, will be looking for a break of the 4hr trend line and confirmation. If a 1hr confirmation occurs then will be entering this with a target profit of the daily 270 price of 1.26274.
Since January, price has been caught in a range between 2.5383/1.21545, forming a triangle pattern.
Also we can tell this by looking at the shorter term MA as its signally a flattening of direction. However the longer term MAs are still sloping upward
which suggest the trend is still going up.
From an Elliot Wave perspective, we could also be in a subwave 4...