Bulls managed to make a breakout out of this circled corrective pattern.
Now after the breakout, market is retesting the breakout level and i am seeing potential to buy here with a tight stop.
Note the previous similar breakout pattern, that was followed by a big rally.
Buy @ 5.53
Stop @ 5.43
1. Target @ 6.00
2. Target @ 6.75
There is a potential 1:11 risk:reward.
Best of luck.
Now after the breakout, market is retesting the breakout level and i am seeing potential to buy here with a tight stop.
Note the previous similar breakout pattern, that was followed by a big rally.
Buy @ 5.53
Stop @ 5.43
1. Target @ 6.00
2. Target @ 6.75
There is a potential 1:11 risk:reward.
Best of luck.
