Hello Traders, we may be seeing a possible cup and handle pattern forming if we hit resistance at the .30 price point. A price movement upwards would be expected upon a successful break of the .30. I've highlighted a few TP price points I will be eyeing as this plays out.
MACD just crossed on the 4Hour.
Very interesting movement. This one has a few different options. So keep tight stop losses and conservative Take Profits.
Trade active
.30 resistance, has now become the support. Nxt resistance barrier looks to be .31/.32, if we can break this and maintain it above it, we should see recent highs retested at .37
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