“As we can see now, that last breakout was false and the price came back above red area. False breakouts are usually a very reliable patterns and in this case, they should give us a strong buy signal aiming at least the resistance on the 0.65. „
Back in that day, we were on the 0.55 USD and we reached our target in the blink of an eye. That was super fast and the analysis was good. It was even better if You will look at the chart. 0.65 USD is the place where the bounce stopped and the price totally reversed! Just perfect! From 0.65 USD we declined towards the 0.26 USD – seen on the end of June.