The counter has a newly found bullish momentum.
It has formed higher highs from the lows. The lower lows formed can be connected to form a bullish trendline as well.
Also, it has formed an inverse head and shoulder and broke its neckline.
It is at the confluence of supports - neckline and trendline, which can be a tough nut to crack.
Hence, we expect the pair to move higher from here.
It has formed higher highs from the lows. The lower lows formed can be connected to form a bullish trendline as well.
Also, it has formed an inverse head and shoulder and broke its neckline.
It is at the confluence of supports - neckline and trendline, which can be a tough nut to crack.
Hence, we expect the pair to move higher from here.