Possible bottom formed this week at 84.72.
Trendline down originating from the highs of May 5th at 94.97 needs to be broken to confirm this view, currently around 86.50-60.
Price allready closed above 33 and 60 DMA on 4 hour chart.
Went long one position since 85.77 with SL moved to 85.85 (bought the bounce of the 60DMA on the hourly).
Will add to this position if trendline at 86.50-60 gets indeed broken this coming week. See chart:
Trendline down originating from the highs of May 5th at 94.97 needs to be broken to confirm this view, currently around 86.50-60.
Price allready closed above 33 and 60 DMA on 4 hour chart.
Went long one position since 85.77 with SL moved to 85.85 (bought the bounce of the 60DMA on the hourly).
Will add to this position if trendline at 86.50-60 gets indeed broken this coming week. See chart:
Being right is one, taking it from the table is two.