The chart shows the next picture: - after the breakout of local inclined resistance the price moves mostly in 60.00-75.00 horizontal channel - evident falling wedge formation - current attempts to breakout pattern's resistance
The recommendation is to buy
Entry point 67.00 (this price is going to be a confirmation of the signal) Stop-loss 64.90 (-2 tics under 64.92 low of current fractal) Take profit 75.00 (strong resistance level) Risk/return ratio 1:3