Bias upwards but watch out the stochastic
Updated
The symmetrical triangle has formed in a very narrow range with key resistance at 0.56. A breakout upwards would continue the recent positive trends.
However, watch out the stochastic. The stochastic must not drop below 46 to sustain the upwards trends. If breakout upwards not happens, then, look at key support of 0.50 for average down/accumulation and 0.46 cut loss.
However, watch out the stochastic. The stochastic must not drop below 46 to sustain the upwards trends. If breakout upwards not happens, then, look at key support of 0.50 for average down/accumulation and 0.46 cut loss.
Trade closed: target reached
Hit critical resistance of 0.58 with low sell volume. Uptrend seems still intact but high volume is required to break the major resistance.
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