From what I can see price is still bullish, we have bullish divergence on a 4H and price has broken through resistance
It is now testing a trend line on the 4H and once it breaks, i am looking for a retest before buying to the level where it plummeted previously
My entry 45.97 /// 5% moderate exposure, starting to build a bigger buy position.
SL 45.20 / Risk 3.5% - pips 77
TP 48.91 / Reward 13.6 - pips 294 / RR+3.8
The bigget channel will be to break the 13EMA on 4H, at price is literally testing it right now.
Later this week we have the OPEC meeting and to me they have been proven to bring excellent pips expecially...
The exchange rate can now build the structure of the second fractal wave. In this fractal structure I look forward to building a wave structure. Later, I expect an upward outbreak. The target of the current motion is 69 usd.