Potential Bullish Breakout

Title
Potential Bullish Breakout

Type
Bullish Rise

Preference:
Price has just broken above a potential breakout level and could climb higher from here. The pivot point of 0.65874 is a suitable entry point and we could see momentum carry price up to its 1st resistance at 0.66160 which is a pullback resistance level.

Alternative scenario:
If price reverses from the pivot point, it could hit the 1st support at 0.65603 which is a pullback support level.

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

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Potential Bullish Breakout

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