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 …
1:13 RR Long Trade
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…
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