Ascending Channel observed.
Breakdown of channel is SL.
Reversal confirmation at upper line of channel is TP.
Strong Resistance at 1.67 can also act as TP if Reversal Confirmed.
If upper line breaks out then TP at 1.75.
Double bottom pattern observed which can lead to 10-15% pump.
Breakdown of channel is SL.
Reversal confirmation at upper line of channel is TP.
Strong Resistance at 1.67 can also act as TP if Reversal Confirmed.
If upper line breaks out then TP at 1.75.
Double bottom pattern observed which can lead to 10-15% pump.
Note
Reversal from Resistance line at 1.67 confirmed. Trade closed at profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.