Bullish clues:
- Symmetrical triangle
- General uptrend since April 2021
- RSI above the 50 level and hidden bullish divergence since April 2021
- Price rebounded on the 50 exponential moving average
The price of US Coffee broke upward the ascending triangle. It could now reach the monthly resistance at 168.00 USD.
We can enter now or wait a pullback on the bearish oblique support (former resistance of the symmetrical triangle).
Also, WAIT THE CLOSING OF THE CANDLESTICK
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
- Symmetrical triangle
- General uptrend since April 2021
- RSI above the 50 level and hidden bullish divergence since April 2021
- Price rebounded on the 50 exponential moving average
The price of US Coffee broke upward the ascending triangle. It could now reach the monthly resistance at 168.00 USD.
We can enter now or wait a pullback on the bearish oblique support (former resistance of the symmetrical triangle).
Also, WAIT THE CLOSING OF THE CANDLESTICK
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
Comment:
Ascending triangle has been broken upward
Trade closed: target reached:
Take Profit at 168.00 USD reached!