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Strategy: Inverted Head and Shoulder spotted
Bias: Bullish . Significant volume kicked in today and breakout the box consolidation zone at the price of 0.250, which is also the previous high since Novemeber 2019. This is the 2nd long green bar after the price hit its bottom at 0.210. If the momentum continue, the price shall break its immediate resistance 0.265 and challenge next resistance at 0.285 soon.
If we see from the chart pattern, a small inverted head and shoulder pattern was spotted. Hence, the price shall be in positive movement in the near term if momentum sustained.
R: 0.265, 0.285
S: 0.250, 0.255
If you find this idea helpful, do not hesitate to drop us a like and comment! Happy trading! :)
Strategy: Inverted Head and Shoulder spotted
Bias: Bullish . Significant volume kicked in today and breakout the box consolidation zone at the price of 0.250, which is also the previous high since Novemeber 2019. This is the 2nd long green bar after the price hit its bottom at 0.210. If the momentum continue, the price shall break its immediate resistance 0.265 and challenge next resistance at 0.285 soon.
If we see from the chart pattern, a small inverted head and shoulder pattern was spotted. Hence, the price shall be in positive movement in the near term if momentum sustained.
R: 0.265, 0.285
S: 0.250, 0.255
If you find this idea helpful, do not hesitate to drop us a like and comment! Happy trading! :)
Trade closed: target reached:
RM0.265 target reached in one day!
Hit fibo 0.618 resistance RM0.275 accurately too. Congrats everyone who followed and profited! :)
Hit fibo 0.618 resistance RM0.275 accurately too. Congrats everyone who followed and profited! :)
Thanks for following us :)