Long

DGBUSD Long

DGB has already retraced 88% and the bears have been shaken out. Markets typically bounce from the despair zone. We broke descending resistance confirming the start of a new bull trend. Cup and handle formation seems likely here. Support has been holding strong right under 100 SAT for a few days now. Expect movement out of this formation soon. Placing buys under the .786. Now we wait for momentum upon breaking 100SAT.
Cup And HandleFibonacciSupport and Resistance

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