Previously we traded the same security on the negative side and we got a good return on that, A symmetric pattern breakout was seen on the downside which gave us a sell call. Recently we have seen the currency pair trying to trade on the other side, i.e on the upside. The move looks promising, it is in a v-shape  which is a slight risk but the move has been followed by the indicator which is strengthening the move.

The currency pair has just closed above the CMA of the BB. The RSI is also supporting the price, as well as we have seen a crossover in the MACD below 0. The currency is also trading above the EMA's.

Buy

Aug 10 2021

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