Ascending Channel observed.
Breakdown of channel is SL.
Reversal confirmation at upper line of channel is TP.
Strong Resistance at 1.67 can also act as TP if Reversal Confirmed.
If upper line breaks out then TP at 1.75.
Double bottom pattern observed which can lead to 10-15% pump.
Breakdown of channel is SL.
Reversal confirmation at upper line of channel is TP.
Strong Resistance at 1.67 can also act as TP if Reversal Confirmed.
If upper line breaks out then TP at 1.75.
Double bottom pattern observed which can lead to 10-15% pump.
Comment:
Reversal from Resistance line at 1.67 confirmed. Trade closed at profit.