1:13 RR Long Trade - Bullish
Targeting the all time highs as a minimum.
It should well exceed this long term so the 1:13 risk to reward ratio is a conservative estimate.
I'm not sure how long this move will take, but I do not see the price breaking below that orange zone again on daily closing basis.
The line forecasts (orange and green) are very rough approximations of how I expect this to unfold.
There are monthly cycles approximately every 60 months on average.
So the next cycle low is expect to come in 60 months time.
It should well exceed this long term so the 1:13 risk to reward ratio is a conservative estimate.
I'm not sure how long this move will take, but I do not see the price breaking below that orange zone again on daily closing basis.
The line forecasts (orange and green) are very rough approximations of how I expect this to unfold.
There are monthly cycles approximately every 60 months on average.
So the next cycle low is expect to come in 60 months time.
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