It just broke the EMA 200 daily TF with trendline breakout.
A Possible Inverted head and shoulder formation.
A Possible Cup and handle formation.
Volume Breakout spotted.
If it is in uptrend , R1 - R5 will be short and mid term target.
If break through R7 , then long term uptrend can be confirmed.
Possible risk will be triple top formation is in play and it might pull back and retest the 0.135-0.140 level in future.
Trade with your own risk . This is just for case study.
A Possible Inverted head and shoulder formation.
A Possible Cup and handle formation.
Volume Breakout spotted.
If it is in uptrend , R1 - R5 will be short and mid term target.
If break through R7 , then long term uptrend can be confirmed.
Possible risk will be triple top formation is in play and it might pull back and retest the 0.135-0.140 level in future.
Trade with your own risk . This is just for case study.
Why the drop?
The person involve is also the director and shareholder of ARBB.
Can close position first and can trade again when it is trending.
Its been sideway for long time.