There is a retest of a support by a pin bar candle rejecting it. There is a high probability of a strong bullish movement with around 13% profit.
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The price tested the secondary resistance at 45.3 and then retraced back to the support.
It will have another attempt the next session and if price breaks above 45.3 then it is more likely to continue to its next resistance of 50 which is our target.
In case the price did not break above 45.3 which is unlikely, you may decide to take the small profit or watch for the price testing the support again ( it is important for the price not to break below the support from around 42.1 to 43.2.
It will have another attempt the next session and if price breaks above 45.3 then it is more likely to continue to its next resistance of 50 which is our target.
In case the price did not break above 45.3 which is unlikely, you may decide to take the small profit or watch for the price testing the support again ( it is important for the price not to break below the support from around 42.1 to 43.2.