Daily price is breaking Ichimoku cloud together with the level at 87.88 to above for the primary bullish reversal. Stochastic oscillator is showing the uptrend in the near future, and Chinkou Span indicator broke the historical price for the good breakout to started.
- If the price breaks the level at 87.88 to above so the daily bullish reversal will be started with 94.98 level to re-enter.
- If the price crosses support level at 77.92 to below so the daily bearish trend will be resumed with 67.07 possible target for example.
- Alternatively, the price will be ranging near within s/r channel waiting for the direction of the strong trend to be started.
Trading Summary: daily breakout with the possible daily bullish reversal
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👍 good