Global trend is drowth on the different timeframes. Nearest support line is local growing trend. Moreover there are two big support lines on $1.3262 and $1.2348. The resistance line is $2.2601. Local resisance trend penetration finished and now is a good point to open long positons. The target price is $2.2500 a little bit behind nerest resistance on $2.2601. Position oppening at the current price $1.6000. Investment horizont ~ 1.5 weeks. In the negative scenario stop limit price should be under the local growing trend ~ $1.5000. Potencial loss ~ 7%. Potencial profit ~ 40%. Profit/loss ratio is around 6:1.
Trade closed: stop reached
Trade closed: target reached