There is a cup and handle pattern formed in a 15min time frame and we have seen a breakout from this pattern. The breakout is a gap up which suggests a strong breakout.

If the current candle closes above the EMA's we will get another confirmation for buying with strength.

The RSI has given a breakout which is following the price and gives one more strong confirmation to the breakout. The MACD crossover has been seen below 0 which is a strong signal for buy. The DMI+ has recently crossed DMI- which directs the move upside.

Advice : Buy if the index close above the EMA.

JP225 USD

Nov 19 2021