Previous failed reach our entry price but managed to formed a higher low at 0.57 support with a white candle and followed with a spinning top. ( Indecisive whether to go up or go down).
ndicators
1) Trendline - above the Uptrend (Bullish)2) Support/Resistance - formed higher high ( Bullish)3) MACD - Bearish Crossover (Bearish) Waiting for 4R1G signal4) RSI - Broke above 50% (Bullish)
5) STO - Broke below 20%(Bearish) . Waiting for break above 20%
6) Ichimoku - a) Broke Above support cloud (Bullish).
b) Conversion line above the base line (Bullish). c) Price above the baseline ( Bullish)
7) Candle stick - a white candle and followed with a spinning top. ( Indecisive whether to go up or go down).
8) Company Performance - Earning Negative but improving
Conclusion:Bullish -
E ( Entry) : 0.61 ( Ensure closed above this price)
S ( Stop Loss) : 0.56
P ( Profit) : 0.67
RRR (Risk to Reward Ratio) = 1.2 (Slightly Rewarding)
E ( Entry) : 0.61 ( Ensure closed above this price)
S ( Stop Loss) : 0.57
P ( Profit) : 0.69
RRR (Risk to Reward Ratio) = 1.6 (Slightly Rewarding)
E ( Entry) : 0.61 ( Ensure closed above this price)
S ( Stop Loss) : 0.57
P ( Profit) : 0.725
RRR (Risk to Reward Ratio) = 2.3 (Rewarding)
Resistance at 0.605 / 0.635 /0.66 / 0.68 / 0.7 / 0.72 / 0.735 / 0.755 / 0.78 / 0.815 ( Target bullish Pennant Breakout)
Support at 0.57 / 0.5