Just on Monday morning, we saw some positive price action with it rebounding from the 1.30 support strongly.
Mentioned then that we can see momentum building up further before the upside continues towards 1.50...
A note was sent with some targets drawn when price was about 1.365 then...
See what I mean below.
For illustration purpose only
Over the past few days, we have indeed seen more strength with the 1.40 temp resistance giving way too...
Some consolidation above and....
Finally, we have touched our target at 1.50 as drawn in above chart...
See where we are now below...
For illustration purpose only
After this amazing rally, we can see some profit taking for now which is normal… but…
Upside may not be over yet…
Especially if we see some specific price action above 1.50 next… which can lead the next upwards phase…
What about the system??
We did see something nice few days back… shhh… PTI grads can check.
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