After a nice retracement to the 0.382 fibbonacci line we can see a bullflag forming at the day chart. Different indicators are loading up and show nice bullish signs. We only need increasing volume to confirm the outbreak before we can go long on this 1. After that i see a major resistance at the 0.0215 level so lets keep a good eye at that level and see how it goes after that.
Note: Just a beginner trader so any advice tips and tricks are allways welcome.
Namaste guys!
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Tough the indicators all turn bullish i still have my doubts about this breakout. I miss the volume we need for that nice upward movement we all want. Also on the 4H chart it shows big resistance around this level (0.0183) For now my opinion is to wait for the big volume to come in before we can speak of a real breakout
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Nice upward movement but still waiting on volume before i take my position in this 1