Breakout with Conformation- Time to Go long

Jun 23, 2021

Breakout from the triangle formation can be seen clearly and the price has also retested the breakout price which is a clear conformation for a long position, the momentum seems to be not that good but the 20 day EMA and 50 day EMA both are providing support just below the current price levels so that also add up to a strong indication. Stop loss can be placed below the lower trendline to mitigate losses (in case).