Hi Traders! We have a potential Louis Vuitton buy opportunity forming at the moment.
Louis Vuitton Weekly Chart:
On the weekly chart the bullish momentum that we were having still continues and we have a potential bullish special cycle that is forming at the moment. We are possibly inside the third leg of this special cycle at the moment and we may expect the price to move higher until this third cycle completes itself. This third leg is expected to be completed at the 261.85 range (marked in the screenshot).
Louis Vuitton Daily Chart:
On the daily chart we had a double wave correction and once this correction completed itself. Then the price created a range with the highs ans lows reaching the same support and resistance zones. The price which was moving inside this range has currently broke above the range and it is now pushing upwards.
Louis Vuitton H4 Chart:
Currently on the H4 chart we are now looking for pullbacks and once this pullback completes itself we can then start looking for buys.
It is always recommended to look for confirmations before we get into any trade.
If you are not sure how and when exactly to enter you may use: Crystal Ball and Forex Libra Code as well as sRs Trend Rider and Forex Triple B later on once the trend is confirmed.
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