Approching critical reversal region and bullish bat pattern.
A critical support at 1.21998 which was previous resistance is being approached. A bullish bat pattern at this point also gives confidence of a potential long position. The bollinger band also shows that price is in oversold conditions. These three confirmations gives me the confidence of a bullish pattern. Tp can be expected at 1.25235.
Note
Great move guys. Take profits and modify stop loss to solidify profits. Would give more updates later
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.