On the chart above:
- We can see that EMA10 and EMA50 is being broken passively. Normally, lots of strength is needed to break these levels.
- Since EMA10 and 50 are being broken passively, the momentum might be used to move up higher.
- is already on the side as well as the .
- Targets are marked on the chart. This is not a trade though, if you do decide to trade it based on this information, make sure to set your own risk and use a stop loss. If you do so, this is a very low risk trade.
Thanks a lot for reading.