The GC one hour time frame is breaking the down trend line and is in a sideways range. It will be a good idea to allow the market to break and close above the small sideways range and give a counter trend line break bullish in the buy zone. Once or if the market does that. It will be a good idea to use Fibonacci to help find the limits
Entry: Counter trend line breaks bullish in the buy zone.
STOP: 1741.9
LIMIT: Next Fibonacci extension in the buy zone Or Daily Up Fibonacci: 1922.4
As long as the market stays in the side ways range and or in the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities.
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