Seems like an excellent setup. Had a big retrace, has base formation, trading above daily MA's, and if succesful going above 0.72 we can see a strong 30%+ charge towards 1.0 (maybe not hitting it). That would be our Target 1
0.72 is resitence on many levels so keep an eye on that.
Daily RSI is quit high so we might retrace a little more down. But risk-reward analyses favors the longer term buy.
0.72 is resitence on many levels so keep an eye on that.
Daily RSI is quit high so we might retrace a little more down. But risk-reward analyses favors the longer term buy.