In a previous post which you can find in the link below we discussed about the scenario of price breaking this consolidation with MACD divergence adding to this. Finally price broke this structure and it's now pulling back. A pending bullish cypher pattern is about to complete which will probably push price higher and end this correction after the breakout.
Stoploss and profit targets as shown at the chart. If price reaches the first target we move stoploss at the second to breakeven.
Stoploss and profit targets as shown at the chart. If price reaches the first target we move stoploss at the second to breakeven.
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