This formation is bullish penant and the chances of going up after breakout is very favourable but not the 100%. So please consider placing a SL after entering a trade to avoid liquidation.
This trade is offering Risk to Reward of 1:4 which is very strong. Please share your views in comment, i will check them all. Best of luck.
If this idea anyhow matched with your view, you are good to get in. Remember, this is just a case study, the decision will be yours.
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