Hey, I am back with another Forex idea, this time looking at ICX.
As you may know ICX is breaking out, and currently is about to perform another leg up.
So the price has been going down in a very tight selling channel, this is a indication of bears exhaustion, buy in the support area or market buy into the breakout.
Good luck with this trade, I am taking a part in it!
Cheers,
Tibor
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The first step of breaking out is RSI above 60, which we now have on 5 min time frame, this gives a buy signal.
Trade closed: target reached
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My take profit level has been hit! +15% 0.7139
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In the case you are still in, this looks like a bull flag breakout is ahead