This long is counter trend in some TF's. But price continues to opt-in for long as it breaks through several sources of confluence.
Most importantly the trade has a low risk / reward ratio.
Possible Context (not factored into trade):
Most importantly the trade has a low risk / reward ratio.
Possible Context (not factored into trade):
- Evolving currencies in the East are said to be backed by a broad basket of commodities.
- A move towards Uranium as an energy source.