Price broke downtrend, but still trapped in a trading range (top red and bottom green). Right now is a good entry for long if you wish to enter before news this week. Target is red box, if break then may buy again. (:
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Nice shoot up!
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Price failed to sustain levels above red downtrend line. At current price, yesterday's daily candle shows a hammer. I have opened few longs with stops around 1.287