It looks like both the trendline connects to higher lows to create an uptrend and it's been hitting the support line couple times as well as pointed out in arrows.
Two places can be used for take profit because the red trendlines make a upward channel which could predicted a higher yield of profit making.
There seems to be a possible double bottom formation occurring around the 5.35 area.
The first V sectioned of the market shows a reversal upwards and the next V section shows even more upward momentum.
I'm hopefully waiting for it to hit the 5.35 area so I can buy it and go long and I will take another trade straight after the first one takes profit cause of ...