From a technical point of view, we prefer to go long after sure breakout of resistance level which is 5.30. The reasons for long entry are breakout of trendline and inverted head and shoulder pattern. Moreover, price broke the 200MA and resting it before making Hh. An entry point could be as stated, closing above 5.30 with target zone 6.10. Stop loss is based on your money management.
- Support (Team)
- Support (Team)
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