Will Redtone win this big hurdle..

The first trial to break the ascending triangle fail at 0.42 and now retraces to the bottom ascending triangle and now peaking up again..

Indicators

1) Trendline - Broke above the Uptrendline (Bullish)

2) Support/Resistance - Formed higher low and higher high  (Bullish)
3) MACD - Negative  (Bearish). Waiting for 4R1G signal..
4) RSI -  stagnant and hovering above 50%.. still in standby waiting to break up or below..
5) STO - closing into each other waiting for break out either bullish or bearish..
6) Ichimoku - a) Above  support cloud (Bullish).
                       b) Conversion line above the base line (Bullish).
                       c) Price above the baseline ( Bullish)

7) Candlestick - Weak hammer on the bottom triangle.. 

8) Pattern - Ascending triangle.. If break above from 0.41 , the TP for this pattern is 0.5 (20%)

Conclusion:

Bullish -

Look like the first scenario failed and let hope it will be option number 2..

The is a few scenarios for this pattern. 

1) Break above 0.41 on the next following day  (FAILED)

2) Retrace to 0.38 and then incline back to test the 0.41

3) Break below 0.38 and negate the ascending triangle pattern

E ( Entry) :0.395 ( Closed at or above it)

S ( Stop Loss) : 0.375

P ( Profit) :0.425

RRR (Risk to Reward Ratio) = 1.5 (Average)

E ( Entry) :0.395 ( Closed at or above it)

S ( Stop Loss) : 0.375

P ( Profit) :0.435

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

Resistance  0.41 / 0.435 / 0.45 / 0.46 / 0.5 ( Ascending Triangle TP)

Support    0.38 / 0.372 / 0.36