The bullishness is also supported by rising combined 20&50-day as well as above kumo cloud. The is still rising and yet to reach overbought area. Based on the green kumo cloud, the future outlook of will be more strengthened.
Next R/ TP:
• 0.485 (61.6% FE)
• 0.515 (100% FE)
• 0.545 (flag target)
• 0.445 (rising lower trendline of pattern)
Risk and Reward – 0.015: 0.015 or 1:1
Note: This trading idea is for education purpose only and not to be construed as a buy call. The mantra of TAYOR and caveat emptor shall apply.