MUDAJYA: Breakout Above Yearly-MA Line, Reversal of Trend?

Thank you for your continued support :)

Strategy: Moving Averages Formation

Bias: Bullish. Moving averages aligned. Breakout with retracement at key fibonacci level.

Stop-loss: The region between 0.365 and 0.385 as resistance becomes support, but volatility causes price to have candle shadows/wicks that violate into this region.

1st Target: 0.445
2nd Target: 0.540

Gentle reminder: Plan your trade and trade your plan. Peace out!

Comment:

Up to 22.08% gain from 0.385 to the high of 0.470, reaching our first target; congrats to those who profited :)
Price closed at exactly the first target of 0.445, let's see how the trend will play out. Peace!

Trade closed: target reached:

Congrats to our members! Total of 41.56% in 14 days.

Reached 2nd target: 0.54

Thanks for the support :)