ZRX is consolidating after yesterday’s 15% rally. A break to the upside would target the inverse head and shoulders target at 1.03. Resistance at 0.7910 needs to break, and if it does, support at 0.717 could be used for a stop loss.
This gives a reward to risk ratio of 3:1.
This gives a reward to risk ratio of 3:1.
Ordre annulé:
Original trade did not trigger and now invalidated. However, IVS target still valid. Look for test and reversal off neckline at 0.682.