Remains a very risky trade.
The insert is the angle of the trend since the start of 2023.
The last part of the price action crossed above the angle trend line, hinting at a possible counter-testing.
Furthermore, a price action above 6800 supports such a bullish trend.
Further bullish confirmation for a break above 7300.
The target price is set at 7900 (its 50% Fibonacci retracement level).
The stop-loss price is set at 6300.
The insert is the angle of the trend since the start of 2023.
The last part of the price action crossed above the angle trend line, hinting at a possible counter-testing.
Furthermore, a price action above 6800 supports such a bullish trend.
Further bullish confirmation for a break above 7300.
The target price is set at 7900 (its 50% Fibonacci retracement level).
The stop-loss price is set at 6300.