Price is finding strong resistance around the cluster represented by the blue rectangle.
A test of the short term upward channel (dotted blue lines) would initiate a good risk to reward on a long position with a stop just below the channel.
A break of the channel to the downside and I would be looking for a short with a target of the solid blue longer term trend-line.
A test of the short term upward channel (dotted blue lines) would initiate a good risk to reward on a long position with a stop just below the channel.
A break of the channel to the downside and I would be looking for a short with a target of the solid blue longer term trend-line.
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