Disclaimer: This is not a buy call but for learning purpose
Technical analysis
Technical analysis
- Large volume spike for few days
- Testing next resistance and in accumulation/distribution phase.
- RSI & ZL-MACD above centerline
Trading idea (Buy on support)
- Entry price: 0.680
- Cut loss: 0.670
- TP1: 0.710
- TP2: 0.730
Trading idea (Buy on breakout)
- Entry price: 0.720
- Cut loss: 0.710
- TP1: 0.750
- TP2: 0.770
Trade closed: stop reached:
Cut loss reached.
Lesson learned: Strongest support is 0.665
Lesson learned: Strongest support is 0.665