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Price retraced inside of the local ascending channel and we can see the upside movement. So we can go long either now or wait the breakout of the mid line of the main ascending channel. Stop-loss can be placed below the support of the local ascending channel.
Setup will be invalidated in case we have a breakout of the local ascending channel to downward. In this case would expect a retest of the lower boundary of the main ascending channel
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice
Price retraced inside of the local ascending channel and we can see the upside movement. So we can go long either now or wait the breakout of the mid line of the main ascending channel. Stop-loss can be placed below the support of the local ascending channel.
Setup will be invalidated in case we have a breakout of the local ascending channel to downward. In this case would expect a retest of the lower boundary of the main ascending channel
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice