Technicals:
1. Made a double bottom
2. Breakout with a good volume with a single candle.
3. RSI convergence
Three different indicators pointing in the same direction give the trade the power of confluence. However, the entry should be made only after a successful retest.
The target can be decided with the help of the Fibonacci tool as it will be making new highs if the trade goes in our direction.
1. Made a double bottom
2. Breakout with a good volume with a single candle.
3. RSI convergence
Three different indicators pointing in the same direction give the trade the power of confluence. However, the entry should be made only after a successful retest.
The target can be decided with the help of the Fibonacci tool as it will be making new highs if the trade goes in our direction.