JCY formed higher low

After spotting this counter 8 November when it was retracing towards to the next support at 0.74. It nearly touched it and formed a higher low with a hammer ..

Indicators

1) Trendline - Broke above the Side trend (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -Waiting to 4R1G for more bullish confirmation
4) RSI - Broke above (Bullish)

5) STO - Bullish Crossover (Bullish) . If break above 80% will indicate more bullish

6) Ichimoku - a)   Below  support cloud but heading towards it  (Slightly Bullish).
                       b) Conversion line above the base line . ( Bullish)
                       c) Price above the baseline ( Bullish)




Conclusion:
Bullish - 
Reach the initial entry price but it would be great if it can break above 0.795 and 0.815  which would gives a 4R1G MACD signal which will double confirm on the bullish run.. Just take precaution if it hits the 0.795 and and reverse..

E ( Entry) :0.78( Meet the entry price on Nov 14)

S ( Stop Loss) : 0.72

P ( Profit) :0.89

RRR (Risk to Reward Ratio) =1.83 (Rewarding)

E ( Entry) :0.81( Closed at or above it)

S ( Stop Loss) : 0.77

P ( Profit) :0.89

RRR (Risk to Reward Ratio) =2 (Rewarding)

Resistance at 0.795 / 0.82 / 0.91 / 1.01/ 1.06 

Support   at 0.74 / 0.7 / 0.65 / 0.615