- IHS on Higher Time Frame is forming Inverse Head & Shoulder Pattern.
- ICX need to stay above on $0.43 on 4 HR Candle closing time.
- Target = Height of IHS.
Other comments on charts.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.5885). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ICXUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
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